Sep
23
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) have earned a consensus broker rating score of 2.25 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating, one has given a buy rating and two have given a strong buy rating to the company. Grupo Financiero Galicia’s rating score has improved by 3.4% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages 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 207 out of 265 based on the ratings given to related companies.
Grupo Financiero Galicia (NASDAQ:GGAL) traded down 1.22% during midday trading on Wednesday, reaching $17.78. The company had a trading volume of 360,109 shares. The firm’s 50 day moving average is $19.65 and its 200 day moving average is $21.07. Grupo Financiero Galicia has a 1-year low of $10.33 and a 1-year high of $26.13. The stock has a market capitalization of $2.31 billion and a PE ratio of 5.84.
GGAL has been the topic of several recent analyst reports. Zacks lowered shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Raymond James 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. Finally, 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 research note 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.
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