Nov
4
Grupo Financiero Galicia SA Analyst Rating Update
Filed Under EN
Research firm Zacks has rated Grupo Financiero Galicia S.A. (NASDAQ:GGAL) and has ranked it at 1, indicating that for the short term the shares are a strong buy. 4 Wall Street analysts have given the company an average rating of 2.25. 1 brokerage houses have given a strong sell on the shares. Strong buy was given by 2 Wall Street Analysts. The shares had a buy rating from 1 analysts.
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) witnessed a decline in the market cap on Tuesday as its shares dropped 0.35% or 0.09 points. After the session commenced at $25.64, the stock reached the higher end at $26.22 while it hit a low of $24.31. With the volume soaring to 983,674 shares, the last trade was called at $25.84. The company has a 52-week high of $27.98. The company has a market cap of $3,360 million and there are 130,026,459 shares in outstanding. The 52-week low of the share price is $13.81.
Shares of Grupo Financiero Galicia S.A. rose by 7.26% in the last five trading days and 43.8% for the last 4 weeks. Grupo Financiero Galicia S.A. is up 35.15% in the last 3-month period. Year-to-Date the stock performance stands at 63.27%.
Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Companys 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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