Jan
21
Zacks: Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives Average Recommendation of "Hold" from Brokerages
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Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been given a consensus broker rating score of 2.67 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has assigned 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 various analysts’ ratings changes.
Analysts have set a 1-year 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 210 out of 265 based on the ratings given to related companies.
An institutional investor recently bought a new position in Grupo Financiero Galicia stock. EQIS Capital Management bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,588 shares of the company’s stock, valued at approximately $260,000.
Separately, Zacks Investment Research lowered shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a report on Wednesday.
Grupo Financiero Galicia (NASDAQ:GGAL) opened at 23.94 on Monday. The firm has a market cap of $3.11 billion and a PE ratio of 10.42. The stock has a 50 day moving average of $25.23 and a 200 day moving average of $22.10. Grupo Financiero Galicia has a 52 week low of $15.30 and a 52 week high of $29.25.
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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