Aug
9
Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by Zacks from a “buy” rating to a “hold” rating in a report issued on Friday, AnalystRatings.NET 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. “
Grupo Financiero Galicia (NASDAQ:GGAL) traded up 3.69% during midday trading on Friday, hitting $21.07. 906,258 shares of the stock were exchanged. Grupo Financiero Galicia has a 12-month low of $10.33 and a 12-month high of $26.13. The stock has a market cap of $2.74 billion and a price-to-earnings ratio of 7.26. The firm has a 50 day moving average of $19.47 and a 200-day moving average of $20.83.
A number of other brokerages also recently commented on GGAL. Piper Jaffray 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 research note on Monday, July 20th. Raymond James upgraded 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.
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
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