Jul
21
Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by equities research analysts at Piper Jaffray from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday, AnalystRatings.NET reports. The firm currently has a $30.00 price target on the stock. Piper Jaffray’s price objective would suggest a potential upside of 47.86% from the stock’s previous close.
A number of other firms have also recently commented 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 (NASDAQ:GGAL) traded down 1.58% on Monday, hitting $19.97. The stock had a trading volume of 48,329 shares. Grupo Financiero Galicia has a 52 week low of $10.33 and a 52 week high of $26.13. The stock’s 50-day moving average is $20.18 and its 200-day moving average is $20.60. The company has a market cap of $2.60 billion and a price-to-earnings ratio of 6.84.
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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