Dec
31
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) rose 1.4% during mid-day trading on Wednesday , Analyst Ratings.Net reports. The stock traded as high as $26.88 and last traded at $26.87, with a volume of 136,809 shares traded. The stock had previously closed at $26.51.
Separately, Zacks Investment Research upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, October 7th.
The firm has a market cap of $3.50 billion and a P/E ratio of 11.45. The company has a 50-day moving average of $25.51 and a 200 day moving average of $21.49.
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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