Oct
6
Grupo Financiero Galicia (NASDAQ:GGAL) has received an average broker rating score of 2.25 (Buy) from the four brokers that cover 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 issued a strong buy recommendation on the company. Grupo Financiero Galicia’s rating score has improved by 3.4% from 90 days ago as a result of various analysts’ ratings changes.
Analysts have set a 12 month consensus price target of $40.00 for the company and are anticipating that the company will post $0.73 EPS for the current quarter, according to Zacks. Zacks has also assigned Grupo Financiero Galicia an industry rank of 209 out of 265 based on the ratings given to related companies.
A number of research firms have commented on GGAL. Piper Jaffray 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. Raymond James raised Grupo Financiero Galicia from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday, July 20th. Finally, Zacks downgraded Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Friday, August 7th.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded up 0.33% during mid-day trading on Tuesday, reaching $18.03. The company had a trading volume of 6,915 shares. Grupo Financiero Galicia has a one year low of $10.33 and a one year high of $26.13. The firm has a 50 day moving average of $18.91 and a 200-day moving average of $20.65. The stock has a market capitalization of $2.34 billion and a P/E ratio of 5.94.
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.
To get a free copy of the research report on Grupo Financiero Galicia (GGAL), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
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