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Grupo Financiero Galicia (NASDAQ:GGAL) was up 10% during trading on Wednesday , MarketBeat reports. The stock traded as high as $26.58 and last traded at $26.51, with a volume of 733,977 shares. The stock had previously closed at $24.09.

Several equities research analysts recently commented on GGAL shares. Zacks raised shares of Grupo Financiero Galicia from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, July 14th. Raymond James raised shares of 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. Finally, Piper Jaffray raised shares of 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.

The company’s 50-day moving average price is $19.84 and its 200-day moving average price is $20.36. The company has a market cap of $3.51 billion and a P/E ratio of 8.9742.

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 selection of financial products and services to large corporations, medium and small sized companies (SMEs), and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company wholly owned by the Bank, the Firm supplies brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it supplies insurance products in Argentina. It offers financial services amongst private-sector financial institutions in Argentina by way of a distribution program.

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