Oct
13
Zacks upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a hold rating to a buy rating in a research report report published on Wednesday, Analyst Ratings.Net reports. Zacks currently has $21.00 target price on the stock.
According to Zacks, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia. “
Other equities analysts have also recently issued research reports about the company. Raymond James raised Grupo Financiero Galicia from a market perform rating to an outperform rating and set a $30.00 target price on the stock in a research report on Monday, July 20th. Piper Jaffray raised 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 report on Monday, July 20th.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded up 5.38% during mid-day trading on Wednesday, reaching $20.77. 378,192 shares of the company traded hands. The firm’s 50 day moving average price is $18.79 and its 200-day moving average price is $20.53. Grupo Financiero Galicia has a 52-week low of $10.33 and a 52-week high of $26.13. The company has a market capitalization of $2.70 billion and a P/E ratio of 6.82.
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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