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Grupo Financiero Galicia (NASDAQ:GGAL)’s share price rose 3.5% during trading on Monday , MarketBeat.com reports. The company traded as high as $25.53 and last traded at $25.48, with a volume of 279,473 shares traded. The stock had previously closed at $24.62.
Separately, Zacks Investment Research raised 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 stock’s 50-day moving average is $24.50 and its 200 day moving average is $20.96. The stock has a market capitalization of $3.27 billion and a P/E ratio of 7.94.
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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