Grupo Financiero Galicia (NASDAQ:GGAL) Raised to Hold at Wall Street Zen

by · The Cerbat Gem

Grupo Financiero Galicia (NASDAQ:GGAL – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other research firms also recently commented on GGAL. Zacks Research downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 28th. Hsbc Global Res upgraded Grupo Financiero Galicia to a “strong-buy” rating in a report on Wednesday, October 1st. UBS Group began coverage on Grupo Financiero Galicia in a report on Wednesday, November 19th. They set a “hold” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. raised Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and increased their price target for the company from $46.00 to $75.00 in a research report on Tuesday, October 28th. Finally, The Goldman Sachs Group upgraded Grupo Financiero Galicia to a “hold” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.40.

Read Our Latest Research Report on Grupo Financiero Galicia

Grupo Financiero Galicia Price Performance

Shares of GGAL opened at $48.41 on Friday. Grupo Financiero Galicia has a fifty-two week low of $25.89 and a fifty-two week high of $74.00. The firm’s 50 day moving average price is $46.46 and its 200 day moving average price is $45.72. The company has a market cap of $7.14 billion, a P/E ratio of 24.45 and a beta of 1.45. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On Grupo Financiero Galicia

Institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its holdings in Grupo Financiero Galicia by 131.6% in the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after purchasing an additional 533 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Grupo Financiero Galicia by 4,942.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after buying an additional 2,076 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Grupo Financiero Galicia by 240.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock valued at $61,000 after buying an additional 849 shares in the last quarter. Acuitas Investments LLC purchased a new position in shares of Grupo Financiero Galicia in the 3rd quarter valued at $110,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Grupo Financiero Galicia in the 2nd quarter valued at $151,000.

Grupo Financiero Galicia Company Profile

(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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