Aug
6
Major Brokerage house, Piper Jaffray upgrades its ratings on Grupo Financiero Galicia S.A. (NASDAQ:GGAL). In the research report, Piper Jaffray announces the target price to $30 per share on the shares. According to the information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on July 20, 2015.
As much as 4 analysts have advised buy on Grupo Financiero Galicia S.A. (NASDAQ:GGAL) with an average broker rating of 2.25. Experts at Zacks have given it a short term rating of 2, which means that the investors can Buy for the short term positions.
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) rose 2.47% or 0.46 points on Wednesday and made its way into the gainers of the day. After trading began at $18.69 the stock was seen hitting $19.37 as a peak level and $18.61 as the lowest level. The stock ended up at $19.12. The daily volume was measured at 499,091 shares. The 52-week high of the share price is $26.13 and the 52-week low is $10.33. The company has a market cap of $1,948 million.
Grupo Financiero Galicia S.A. has dropped 8.54% during the last 3-month period . Year-to-Date the stock performance stands at 20.81%. Shares of Grupo Financiero Galicia S.A. appreciated by 3.07% during the last five trading days but lost 1.7% on a 4-week basis.
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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