Dec
14
Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have been assigned a consensus broker rating score of 2.25 (Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company.
Brokers have set a 12-month consensus target price of $40.00 for the company and are forecasting that the company will post $0.67 EPS for the current quarter, according to Zacks. Zacks has also assigned Grupo Financiero Galicia an industry rank of 138 out of 265 based on the ratings given to its competitors.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) opened at 24.81 on Wednesday. The firm has a market cap of $3.23 billion and a price-to-earnings ratio of 7.91. The stock’s 50 day moving average price is $25.48 and its 200 day moving average price is $21.14. Grupo Financiero Galicia has a one year low of $13.81 and a one year high of $29.25.
Separately, Zacks Investment Research upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, October 7th.
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.
Get a free copy of the Zacks research report on Grupo Financiero Galicia (GGAL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This story was originally published by Intercooler (http://www.intercooleronline.com) and is the sole property of Intercooler. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.intercooleronline.com/stocks/zacks-brokerages-set-40-00-target-price-for-grupo-financiero-galicia-s-a-nasdaqggal/298691/
Receive News Ratings for Grupo Financiero Galicia S.A. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Grupo Financiero Galicia S.A. and related companies with MarketBeat’s FREE daily email newsletter.
<!—->
Open all references in tabs: [1 – 4]
Comments
Leave a Reply
You must be logged in to post a comment.