Jul
22
Piper Jaffray upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a market perform rating to an outperform rating in a research note released on Monday morning, Market Beat reports. They currently have $30.00 target price on the stock.
Grupo Financiero Galicia (NASDAQ:GGAL) traded down 1.15% on Monday, hitting $19.76. 197,771 shares of the company’s stock traded hands. 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 $20.17 and its 200-day moving average is $20.63. The company has a market cap of $2.57 billion and a P/E ratio of 6.77.
GGAL has been the subject of a number of other recent research reports. 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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