Jul
21
Piper Jaffray upgrades its rating on Grupo Financiero Galicia S.A. (NASDAQ:GGAL). The global brokerage major announces a current price target of $30 per share. Analysts at the Piper Jaffray have a current rating of Outperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on July 20, 2015.
Research firm Zacks has rated Grupo Financiero Galicia S.A. (NASDAQ:GGAL) and has ranked it at 1, indicating that for the short term the shares are a strong buy. 3 Wall Street analysts have given the company an average rating of 2.33. 1 brokerage houses have given a strong sell on the shares. Strong buy was given by 2 Wall Street Analysts.
Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) ended Monday session in red amid volatile trading. The shares closed down 0.99 points or 4.65% at $20.29 with 306,804 shares getting traded. Post opening the session at $21.6, the shares hit an intraday low of $20.16 and an intraday high of $21.6 and the price vacillated in this range throughout the day. The company has a market cap of $2,068 million and the number of outstanding shares have been calculated to be 101,904,000 shares. The 52-week high of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is $26.13 and the 52-week low is $10.33.
Shares of Grupo Financiero Galicia S.A. rose by 1.05% in the last five trading days and 9.68% for the last 4 weeks. Grupo Financiero Galicia S.A. has dropped 6.89% during the last 3-month period . Year-to-Date the stock performance stands at 28.2%.
Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Companys 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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