Oct
13
Zacks upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a hold rating to a buy rating in a research note released on Wednesday morning, Marketbeat.com reports. They currently have $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. “
A number of other analysts have also weighed in on GGAL. Piper Jaffray raised shares of Grupo Financiero Galicia from a market perform rating to an outperform rating and set a $30.00 price target for the company in a research report on Monday, July 20th. Raymond James upgraded 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 report on Monday, July 20th.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded down 2.31% during mid-day trading on Wednesday, hitting $20.29. 496,609 shares of the stock were exchanged. The stock has a 50-day moving average price of $18.79 and a 200 day moving average price of $20.53. The firm has a market cap of $2.64 billion and a price-to-earnings ratio of 6.69. Grupo Financiero Galicia has a 52-week low of $10.33 and a 52-week high of $26.13.
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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