Oct
13
Grupo Financiero Galicia (NASDAQ:GGAL) has been assigned an average broker rating score of 2.25 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One investment 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.
Analysts have set a 12 month consensus target price of $40.00 for the company and are predicting that the company will post $0.73 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Grupo Financiero Galicia an industry rank of 221 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently commented on GGAL shares. Zacks raised Grupo Financiero Galicia from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, July 14th. 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. Finally, 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 down 2.50% during midday trading on Tuesday, reaching $20.25. The company had a trading volume of 455,055 shares. Grupo Financiero Galicia has a 52-week low of $10.33 and a 52-week high of $26.13. The company’s 50 day moving average price is $18.79 and its 200 day moving average price is $20.53. The stock has a market capitalization of $2.63 billion and a PE ratio of 6.65.
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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