Jan
26
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm currently has a $29.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.73% from the company’s current price.
According to Zacks, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia. “
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) opened at 25.50 on Tuesday. Grupo Financiero Galicia has a 12-month low of $15.30 and a 12-month high of $29.25. The firm has a 50 day moving average price of $25.32 and a 200 day moving average price of $22.25. The stock has a market cap of $3.32 billion and a PE ratio of 11.27.
A hedge fund recently bought a new stake in Grupo Financiero Galicia stock. EQIS Capital Management bought a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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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