Zacks Investment Research upgraded shares of Grupo Financiero Galicia SA (NASDAQ:GGAL) from a hold rating to a buy rating in a research note issued to investors on Thursday morning. The firm currently has $32.00 target price on the stock.

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. “

Several other research analysts have also recently weighed in on GGAL. Citigroup Inc. upgraded shares of Grupo Financiero Galicia SA from a sell rating to a neutral rating in a report on Monday, August 22nd. Credit Suisse Group AG upgraded shares of Grupo Financiero Galicia SA from a neutral rating to an outperform rating and boosted their price target for the stock from $31.00 to $35.00 in a report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $32.50.

Analyst Recommendations for Grupo Financiero Galicia SA (NASDAQ:GGAL)

Grupo Financiero Galicia SA (NASDAQ:GGAL) opened at 28.65 on Thursday. Grupo Financiero Galicia SA has a 12 month low of $22.77 and a 12 month high of $33.08. The firm’s 50 day moving average is $30.70 and its 200-day moving average is $29.90. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 10.96 and a beta of 1.71.

Several hedge funds have recently bought and sold shares of GGAL. Exane Derivatives raised its stake in Grupo Financiero Galicia SA by 21.5% in the second quarter. Exane Derivatives now owns 5,022 shares of the company’s stock valued at $153,000 after buying an additional 888 shares during the period. Fisher Asset Management LLC purchased a new position in shares of Grupo Financiero Galicia SA during the third quarter valued at approximately $230,000. Moody Lynn & Lieberson LLC purchased a new position in shares of Grupo Financiero Galicia SA during the third quarter valued at approximately $233,000. Profund Advisors LLC purchased a new position in shares of Grupo Financiero Galicia SA during the third quarter valued at approximately $263,000. Finally, Nomura Asset Management Co. Ltd. purchased a new position in shares of Grupo Financiero Galicia SA during the third quarter valued at approximately $268,000. 18.18% of the stock is currently owned by institutional investors.

About Grupo Financiero Galicia SA

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

5 Day Chart for NASDAQ:GGAL

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