Jan
18
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been assigned an average broker rating score of 2.67 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. Grupo Financiero Galicia’s rating score has declined by 18.7% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus target price of $37.00 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 215 out of 265 based on the ratings given to its competitors.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded down 4.67% during mid-day trading on Monday, hitting $24.52. 462,554 shares of the stock were exchanged. Grupo Financiero Galicia has a 1-year low of $15.30 and a 1-year high of $29.25. The firm has a market cap of $3.19 billion and a price-to-earnings ratio of 10.63. The company’s 50-day moving average is $25.25 and its 200-day moving average is $21.99.
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.
An institutional investor recently bought a new position in Grupo Financiero Galicia stock. EQIS Capital Management acquired a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,588 shares of the company’s stock, valued at approximately $260,000.
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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