Sep
25
Grupo Financiero Galicia (NASDAQ:GGAL) shares saw strong trading volume on Thursday , Market Beat Ratings reports. 506,824 shares traded hands during mid-day trading, an increase of 81% from the previous session’s volume of 280,416 shares.The stock last traded at $17.62 and had previously closed at $17.78.
Several equities analysts have weighed in on the company. 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 research note on Monday, July 20th. Raymond James upgraded 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 report on Monday, July 20th. Finally, Zacks lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Friday, August 7th.
The company has a market cap of $2.28 billion and a PE ratio of 5.77. The company’s 50 day moving average price is $19.58 and its 200-day moving average price is $21.02.
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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