Sep
19
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) have been assigned a consensus broker rating score of 2.25 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has assigned 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 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus price target of $40.00 for the company and are predicting that the company will post $0.71 EPS for the current quarter, according to Zacks. Zacks has also given Grupo Financiero Galicia an industry rank of 222 out of 265 based on the ratings given to related companies.
Several equities research analysts have issued reports on GGAL shares. Zacks downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Piper Jaffray upgraded 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 research report on Monday, July 20th. Finally, Raymond James raised Grupo Financiero Galicia from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, July 20th.
Grupo Financiero Galicia (NASDAQ:GGAL) opened at 19.24 on Wednesday. The firm’s 50-day moving average is $19.70 and its 200 day moving average is $21.12. Grupo Financiero Galicia has a 1-year low of $10.33 and a 1-year high of $26.13. The firm has a market cap of $2.50 billion and a PE ratio of 6.29.
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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