Aug
5
Grupo Financiero Galicia (NASDAQ:GGAL) has been assigned a consensus broker rating score of 2.25 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating, one has given a buy rating and two have issued a strong buy rating on 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’ ratings changes.
Brokers have set a 1-year consensus price objective of $40.00 for the company and are predicting that the company will post $0.70 earnings per share for the current quarter, according to Zacks. Zacks has also given Grupo Financiero Galicia an industry rank of 180 out of 265 based on the ratings given to related companies.
A number of analysts have weighed in on the stock. Zacks upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research note on Tuesday, July 14th. Raymond James raised shares of Grupo Financiero Galicia from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Monday, July 20th. Finally, Piper Jaffray raised 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 report on Monday, July 20th.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) opened at 18.66 on Thursday. The stock has a market capitalization of $2.43 billion and a PE ratio of 6.43. The company’s 50 day moving average is $19.39 and its 200-day moving average is $20.84. Grupo Financiero Galicia has a 52 week low of $10.33 and a 52 week high of $26.13.
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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