Grupo Financiero Galicia (NASDAQ:GGAL) Now Covered by Analysts at Itau BBA Securities

Itau BBA Securities started coverage on shares of Grupo Financiero Galicia (NASDAQ:GGAL) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm issued an outperform rating and a $70.00 price target on the bank’s stock.

Separately, StockNews.com cut Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.20.

Grupo Financiero Galicia Stock Performance

NASDAQ:GGAL opened at $63.62 on Tuesday. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 9.37 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. Grupo Financiero Galicia has a 52 week low of $23.53 and a 52 week high of $74.00. The company has a fifty day simple moving average of $57.84 and a two-hundred day simple moving average of $60.18.

Hedge Funds Weigh In On Grupo Financiero Galicia

Institutional investors and hedge funds have recently modified their holdings of the company. R Squared Ltd acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at $27,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Grupo Financiero Galicia during the 4th quarter worth about $34,000. Blume Capital Management Inc. purchased a new stake in Grupo Financiero Galicia during the first quarter worth approximately $55,000. Advisors Preferred LLC boosted its holdings in Grupo Financiero Galicia by 272.2% in the first quarter. Advisors Preferred LLC now owns 1,098 shares of the bank’s stock valued at $61,000 after purchasing an additional 803 shares in the last quarter. Finally, Compass Group LLC purchased a new position in Grupo Financiero Galicia in the fourth quarter valued at approximately $67,000.

About Grupo Financiero Galicia

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.