Jul
30
Grupo Financiero Galicia (NASDAQ:GGAL) has received an average broker rating score of 2.25 (Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating, one has given a buy rating and two have assigned a strong buy rating to the company. Grupo Financiero Galicia’s rating score has improved by 3.4% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus target price of $40.00 for the company and are expecting that the company will post $0.70 EPS for the current quarter, according to Zacks. Zacks has also assigned Grupo Financiero Galicia an industry rank of 181 out of 265 based on the ratings given to related companies.
Grupo Financiero Galicia (NASDAQ:GGAL) opened at 18.55 on Thursday. Grupo Financiero Galicia has a 12 month low of $10.33 and a 12 month high of $26.13. The company has a market cap of $2.41 billion and a PE ratio of 6.39. The company has a 50-day moving average of $19.64 and a 200 day moving average of $20.73.
A number of brokerages have recently issued reports on GGAL. Piper Jaffray raised shares of Grupo Financiero Galicia from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Monday, July 20th. Raymond James upgraded shares of Grupo Financiero Galicia from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Monday, July 20th. Finally, Zacks upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a report 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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