Nov
30
Grupo Financiero Galicia S.A (NASDAQ:GGAL) New Coverage by Lazard
The broker Lazard has has initiated coverage on Grupo Financiero Galicia S.A (NASDAQ:GGAL)’s stock, rating it Buy. This was issued to clients and investors in a research report on 15 May.
The new coverage is well received by stock investors, as NASDAQ:GGAL is now trading 0.65% higher at $24.62 as of 09:02 New York time. Grupo Financiero Galicia S.A. shares have gained 36.95% in the past 200 days, while the SP500 Index has surged 0.08% during the same time.
Out of 5 analysts covering Grupo Financiero Galicia S.A., 3 rate it a Buy, 1 indicate a Hold while 1 suggest a Sell. The highest target is $40 and the lowest is $16 according to Thomson/First Call. The 12-month mean target is $28, which means upside potential of 13.73% over the current price.
NASDAQ:GGAL Price Chart Trend
The stock price of Grupo Financiero Galicia S.A. has grown 36.95% over the last 200 days, and is in reinforcing up trend. In the last 50 and 100 days, Grupo Financiero Galicia S.A. is up 28.56% and up 28.63%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split Dividend Adjusted Data and OctaFinance Trading Models
Grupo Financiero Galicia S.A (NASDAQ:GGAL) Profile
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 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.
Grupo Financiero Galicia S.A (NASDAQ:GGAL) traded up 0.65% on 15 May, hitting $24.62. A total of 183,347 shares of the company’s stock traded hands. This is down from average of 732,532 shares. Grupo Financiero Galicia S.A. has a 52 week low of $13.81 and a 52 week high of $29.25. The company has a market cap of $3.91B and a P/E ratio of 0.
Get the latest Grupo Financiero Galicia S.A (NASDAQ:GGAL) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
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