Nov
22
Grupo Financiero Galicia (NASDAQ:GGAL) shares hit a new 52-week high during trading on Friday , MarketBeat.com reports. The stock traded as high as $28.94 and last traded at $28.46, with a volume of 879,734 shares traded. The stock had previously closed at $27.26.
Separately, Zacks Investment Research upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, October 7th.
The company has a 50 day moving average of $23.42 and a 200-day moving average of $20.84. The company has a market capitalization of $3.70 billion and a price-to-earnings ratio of 8.95.
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.
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