Jan
29
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, Market Beat Ratings reports. The brokerage currently has a $29.00 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 8.65% from the stock’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. “
Grupo Financiero Galicia (NASDAQ:GGAL) traded up 0.30% during midday trading on Tuesday, hitting $26.69. The company’s stock had a trading volume of 222,414 shares. Grupo Financiero Galicia has a one year low of $15.30 and a one year high of $29.25. The company’s 50-day moving average is $25.46 and its 200 day moving average is $22.33. The company has a market cap of $3.47 billion and a price-to-earnings ratio of 12.01.
Several large investors recently modified their holdings of GGAL. EQIS Capital Management bought a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth $260,000. Deltec Asset Management LLC boosted its stake in shares of Grupo Financiero Galicia by 400.4% in the fourth quarter. Deltec Asset Management LLC now owns 68,269 shares of the company’s stock worth $1,849,000 after buying an additional 54,625 shares during the period. Finally, Russell Frank Co boosted its stake in shares of Grupo Financiero Galicia by 23.6% in the fourth quarter. Russell Frank Co now owns 311,898 shares of the company’s stock worth $8,389,000 after buying an additional 59,617 shares during the period.
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 Corvus Business Newswire (http://corvuswire.com) and is the sole property of Corvus Business Newswire. 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://corvuswire.com/2016/01/28/zacks-investment-research-upgrades-grupo-financiero-galicia-s-a-ggal-to-buy/783295/
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.com’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.