Oct
26
The stock of Grupo Financiero Galicia S.A. (ADR) (GGAL) hit a new 52-week high and has $36.22 target or 51.00% above today’s $23.99 share price. The 6 months bullish chart indicates low risk for the $3.20B company. The 1-year high was reported on Oct, 26 by Barchart.com. If the $36.22 price target is reached, the company will be worth $1.63 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 12.63% or $2.69 on October 26, hitting $23.99. About 1.85M shares traded hands or 406.78% up from the average. Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) has declined 15.88% since March 23, 2015 and is downtrending. It has underperformed by 14.49% the SP500.
Analysts await Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) to reports earnings on November, 4. They expect $0.73 earnings per share, down 16.09% or $0.14 from last year’s $0.87 per share. GGAL’s profit will be $97.37M for 8.22 P/E if the $0.73 EPS becomes reality. After $0.82 actual earnings per share reported by Grupo Financiero Galicia S.A. (ADR) for the previous quarter, Wall Street now forecasts -10.98% negative EPS growth.
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.”
Grupo Financiero Galicia S.A. – Receive News Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with MarketBeat.com’s FREE daily email newsletter.
Comments
Leave a Reply
You must be logged in to post a comment.