Credit Suisse Group lowered shares of Grupo Financiero Galicia (NASDAQ:GGAL) from an outperform rating to a neutral rating in a report released on Tuesday, BenzingaRatingsTable reports. Credit Suisse Group currently has $22.00 price target on the bank’s stock, down from their previous price target of $45.00.

Other equities research analysts have also issued research reports about the stock. BidaskClub lowered shares of Grupo Financiero Galicia from a buy rating to a hold rating in a report on Tuesday, August 6th. Morgan Stanley lowered shares of Grupo Financiero Galicia from an overweight rating to an underweight rating in a report on Monday, August 12th. JPMorgan Chase & Co. lowered shares of Grupo Financiero Galicia from a neutral rating to an underweight rating and decreased their price objective for the company from $28.00 to $20.00 in a report on Monday, April 29th. Scotiabank assumed coverage on shares of Grupo Financiero Galicia in a report on Wednesday, August 7th. They set an underperform rating and a $27.00 price objective for the company. Finally, ValuEngine lowered shares of Grupo Financiero Galicia from a hold rating to a sell rating in a report on Monday, July 22nd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Grupo Financiero Galicia currently has an average rating of Hold and an average price target of $27.25.

Shares of GGAL opened at $17.74 on Tuesday. Grupo Financiero Galicia has a 1-year low of $15.17 and a 1-year high of $39.22. The company has a 50-day moving average of $34.26 and a 200 day moving average of $29.79. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 4.94 and a beta of 0.85. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.05 and a quick ratio of 1.05.

A number of institutional investors and hedge funds have recently made changes to their positions in GGAL. Aperio Group LLC purchased a new position in Grupo Financiero Galicia during the 2nd quarter valued at about $33,000. Capital Investment Advisory Services LLC purchased a new position in Grupo Financiero Galicia during the 2nd quarter valued at about $43,000. FNY Investment Advisers LLC purchased a new position in Grupo Financiero Galicia during the 1st quarter valued at about $127,000. KBC Group NV purchased a new position in Grupo Financiero Galicia during the 2nd quarter valued at about $153,000. Finally, Exane Derivatives increased its position in Grupo Financiero Galicia by 13.2% during the 1st quarter. Exane Derivatives now owns 6,439 shares of the bank’s stock valued at $164,000 after purchasing an additional 753 shares during the period. Institutional investors own 25.57% of the company’s stock.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

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Analyst Recommendations for Grupo Financiero Galicia (NASDAQ:GGAL)

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