BBVA Banco Frances S.A. (NYSE:BFR) has been assigned a $23.00 target price by analysts at Credit Suisse Group in a report issued on Friday. The brokerage presently has a “buy” rating on the bank’s stock. Credit Suisse Group’s price target points to a potential upside of 46.68% from the stock’s current price.

A number of other brokerages also recently issued reports on BFR. ValuEngine downgraded BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research report on Monday, May 22nd. UBS AG upgraded BBVA Banco Frances from a “sell” rating to a “neutral” rating in a research report on Friday, May 26th. Finally, BidaskClub downgraded BBVA Banco Frances from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. BBVA Banco Frances currently has a consensus rating of “Hold” and a consensus target price of $23.00.

BBVA Banco Frances (BFR) traded up 1.10% during trading on Friday, hitting $15.68. The stock had a trading volume of 863,782 shares. BBVA Banco Frances has a 52 week low of $14.55 and a 52 week high of $21.90. The company has a 50-day moving average of $16.93 and a 200 day moving average of $18.08. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 12.07 and a beta of 0.67.

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Institutional investors have recently modified their holdings of the company. Bank of Montreal Can increased its position in shares of BBVA Banco Frances by 38.0% in the second quarter. Bank of Montreal Can now owns 2,240,237 shares of the bank’s stock worth $42,408,000 after buying an additional 617,332 shares during the period. Schroder Investment Management Group increased its position in shares of BBVA Banco Frances by 43.7% in the second quarter. Schroder Investment Management Group now owns 820,745 shares of the bank’s stock worth $15,282,000 after buying an additional 249,593 shares during the period. MARSHALL WACE ASIA Ltd bought a new position in shares of BBVA Banco Frances during the second quarter worth about $13,416,000. Goldman Sachs Group Inc. increased its position in shares of BBVA Banco Frances by 10.3% in the first quarter. Goldman Sachs Group Inc. now owns 612,711 shares of the bank’s stock worth $11,286,000 after buying an additional 57,086 shares during the period. Finally, INCA Investments LLC bought a new position in shares of BBVA Banco Frances during the second quarter worth about $4,559,000. Institutional investors own 7.03% of the company’s stock.

About BBVA Banco Frances

BBVA Banco Frances SA (the Bank) is a provider of financial services to large corporations, small and medium-size companies (SMEs), as well as individual customers. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. The Bank has all its operations, property and customers located in Argentina.

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