Morgan Stanley upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL - Free Report) from an underweight rating to an overweight rating in a report issued on Monday, MarketBeat Ratings reports. Morgan Stanley currently has $92.00 price target on the bank's stock.
Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $54.00 target price for the company in a report on Friday, August 30th. Citigroup raised shares of Grupo Financiero Galicia from a "neutral" rating to a "buy" rating and set a $54.00 target price for the company in a report on Wednesday, September 4th. Finally, StockNews.com lowered shares of Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.
View Our Latest Stock Report on Grupo Financiero Galicia
Grupo Financiero Galicia Stock Performance
Shares of NASDAQ:GGAL traded up $5.45 during trading on Monday, hitting $67.76. 2,880,072 shares of the stock traded hands, compared to its average volume of 1,036,780. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The company has a fifty day moving average price of $54.02 and a two-hundred day moving average price of $41.56. Grupo Financiero Galicia has a 52-week low of $15.32 and a 52-week high of $69.29.
Institutional Investors Weigh In On Grupo Financiero Galicia
Institutional investors have recently added to or reduced their stakes in the stock. Banco Santander S.A. acquired a new stake in Grupo Financiero Galicia in the 2nd quarter valued at $211,000. William Blair Investment Management LLC acquired a new stake in Grupo Financiero Galicia in the 2nd quarter valued at $8,573,000. INCA Investments LLC grew its stake in Grupo Financiero Galicia by 1.8% in the 3rd quarter. INCA Investments LLC now owns 1,373,576 shares of the bank's stock valued at $57,814,000 after acquiring an additional 24,354 shares during the period. Turim 21 Investimentos Ltda. acquired a new stake in Grupo Financiero Galicia during the 2nd quarter worth $453,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Grupo Financiero Galicia during the 2nd quarter worth $582,000.
Grupo Financiero Galicia Company Profile
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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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