Jul
20
Piper Jaffray upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a market perform rating to an outperform rating in a research report sent to investors on Monday, StockTargetPrices.com reports. The firm currently has $30.00 price target on the stock.
Several other analysts have also recently commented on the stock. 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 (NASDAQ:GGAL) traded down 2.30% on Monday, hitting $20.79. The stock had a trading volume of 34,745 shares. Grupo Financiero Galicia has a 52-week low of $10.33 and a 52-week high of $26.13. The stock has a 50-day moving average of $20.17 and a 200-day moving average of $20.53. The company has a market cap of $2.70 billion and a P/E ratio of 7.12.
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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