Sep
16
Grupo Financiero Galicia (NASDAQ:GGAL) has earned an average broker rating score of 2.25 (Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation 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 price target of $40.00 for the company and are predicting that the company will post $0.71 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Grupo Financiero Galicia an industry rank of 218 out of 265 based on the ratings given to related companies.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) opened at 20.38 on Wednesday. Grupo Financiero Galicia has a 1-year low of $10.33 and a 1-year high of $26.13. The stock has a 50 day moving average of $19.63 and a 200 day moving average of $21.16. The stock has a market cap of $2.65 billion and a PE ratio of 6.67.
Several equities research analysts have issued reports on the stock. Raymond James raised 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. 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. Finally, Zacks cut shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th.
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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