Aug
8
Zacks cut shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a buy rating to a hold ratingin a report published onFriday, Market Beat reports.
According to Zacks, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia. “
GGAL has been the topic of several other research reports. Piper Jaffray raised Grupo Financiero Galicia from a market perform rating to an outperform rating and set a $30.00 price target for the company in a report 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 on the stock in a research report on Monday, July 20th.
Grupo Financiero Galicia (NASDAQ:GGAL) traded up 3.69% during trading on Friday, reaching $21.07. 906,258 shares of the company were exchanged. The stock has a 50 day moving average price of $19.47 and a 200 day moving average price of $20.83. The firm has a market capitalization of $2.74 billion and a PE ratio of 7.26. Grupo Financiero Galicia has a 12 month low of $10.33 and a 12 month 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.
To get a free copy of the research report on Grupo Financiero Galicia (GGAL), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News Ratings for Grupo Financiero Galicia Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Grupo Financiero Galicia and related companies with MarketBeat.com’s FREE daily email newsletter.
Open all references in tabs: [1 – 8]
Comments
Leave a Reply
You must be logged in to post a comment.