Investment analysts at Itau BBA Securities began coverage on shares of Grupo Financiero Galicia (NASDAQ:GGAL - Get Free Report) in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm set an "outperform" rating and a $70.00 price target on the bank's stock. Itau BBA Securities' price target suggests a potential upside of 9.89% from the company's previous close.
Separately, StockNews.com cut shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, Grupo Financiero Galicia currently has an average rating of "Moderate Buy" and a consensus target price of $61.20.
Get Our Latest Stock Report on Grupo Financiero Galicia
Grupo Financiero Galicia Stock Up 2.7%
Shares of NASDAQ GGAL opened at $63.70 on Tuesday. The company's fifty day simple moving average is $57.71 and its 200 day simple moving average is $60.16. Grupo Financiero Galicia has a 12-month low of $23.53 and a 12-month high of $74.00. The firm has a market cap of $9.39 billion, a PE ratio of 9.38 and a beta of 1.79. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.
Hedge Funds Weigh In On Grupo Financiero Galicia
A number of hedge funds and other institutional investors have recently made changes to their positions in GGAL. R Squared Ltd purchased a new stake in shares of Grupo Financiero Galicia during the 4th quarter worth approximately $27,000. CIBC Private Wealth Group LLC purchased a new stake in Grupo Financiero Galicia in the 4th quarter worth about $34,000. Blume Capital Management Inc. bought a new stake in Grupo Financiero Galicia in the 1st quarter valued at about $55,000. Compass Group LLC bought a new position in Grupo Financiero Galicia in the 4th quarter worth approximately $67,000. Finally, Advisors Preferred LLC grew its stake in Grupo Financiero Galicia by 272.2% in the 1st quarter. Advisors Preferred LLC now owns 1,098 shares of the bank's stock valued at $61,000 after buying an additional 803 shares in the last quarter.
About Grupo Financiero Galicia
(
Get Free Report)
Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.
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