Sep
22
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. The shares could manage an average rating of 2.25 from 4 analysts. 1 analysts rated it as strong sell. 2 market experts have marked it as a strong buy. 1 analysts recommended buying the shares.
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) witnessed a decline in the market cap on Monday as its shares dropped 3.48% or 0.67 points. After the session commenced at $19.33, the stock reached the higher end at $19.49 while it hit a low of $18.44. With the volume soaring to 385,956 shares, the last trade was called at $18.57. The company has a 52-week high of $26.13. The company has a market cap of $1,892 million and there are 101,904,000 shares in outstanding. The 52-week low of the share price is $10.33.
Institutional Investors own 19.9% of Company shares. During last 3 month period, -7.76% of total institutional ownership has changed in the company shares.
Many analysts have commented on the company rating. Brokerage firm Piper Jaffray upgrades its rating on Grupo Financiero Galicia S.A. (NASDAQ:GGAL). In a research note issued to the investors, the brokerage major announces a price-target of $30 per share.The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on July 20, 2015.
The company shares have rallied 33.98% in the past 52 Weeks. On March 20, 2015 The shares registered one year high of $26.13 and one year low was seen on October 15, 2014 at $10.33. The 50-day moving average is $19.7 and the 200 day moving average is recorded at $21.12. SP 500 has rallied 1.82% during the last 52-weeks.
Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Companys 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.
Comments
Leave a Reply
You must be logged in to post a comment.