Jul
20
Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by equities researchers at Piper Jaffray from a “market perform” rating to an “outperform” rating in a research report issued on Monday, StockTargetPrices.com reports. The firm currently has a $30.00 target price on the stock. Piper Jaffray’s target price points to a potential upside of 40.98% from the company’s current price.
Grupo Financiero Galicia (NASDAQ:GGAL) traded down 1.97% during mid-day trading on Monday, hitting $20.86. 25,688 shares of the company’s stock traded hands. Grupo Financiero Galicia has a one year low of $10.33 and a one year high of $26.13. The stock’s 50-day moving average is $20.17 and its 200-day moving average is $20.53. The company has a market cap of $2.71 billion and a price-to-earnings ratio of 7.15.
A number of other analysts have also recently weighed in on GGAL. Analysts at Raymond James upgraded shares of Grupo Financiero Galicia from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Monday. Separately, analysts at Zacks upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, July 14th.
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company wholly owned by the Bank, the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina. On April 15, 2014, Banco de Galicia y Buenos Aires SA sold a 95% stake in Galicia Administradora de Fondos to Grupo Financiero Galicia.
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