Sep
21
Grupo Financiero Galicia (NASDAQ:GGAL) has received a consensus broker rating score of 2.25 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation, one has given a buy recommendation and two have given 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’ ratings changes.
Brokers have set a 1 year consensus price target of $40.00 for the company and are expecting that the company will post $0.71 earnings per share 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 research analysts have commented on GGAL shares. Zacks downgraded Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Raymond James upgraded Grupo Financiero Galicia from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Monday, July 20th. Finally, Piper Jaffray upgraded 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.
Grupo Financiero Galicia (NASDAQ:GGAL) traded down 3.48% on Wednesday, reaching $18.57. 333,951 shares of the company traded hands. The firm has a 50 day moving average of $19.70 and a 200-day moving average of $21.12. Grupo Financiero Galicia has a one year low of $10.33 and a one year high of $26.13. The stock has a market capitalization of $2.41 billion and a PE ratio of 6.09.
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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