Analyst Rating Update on Grupo Financiero Galicia S.A. (GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) : 1 brokerage houses believe that Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Grupo Financiero Galicia S.A. (NASDAQ:GGAL). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.25.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) : 3 Wall Street analysts covering Grupo Financiero Galicia S.A. (NASDAQ:GGAL) believe that the average level the stock could reach for the short term is $33.67. The maximum price target given is $35 and the minimum target for short term is around $32, hence the standard deviation is calculated at $1.53.

Company shares have received an average consensus rating of Hold for the current week

Grupo Financiero Galicia S.A. (NASDAQ:GGAL): stock turned positive on Tuesday. Though the stock opened at $29.21, the bulls momentum made the stock top out at $30.53 level for the day. The stock recorded a low of $29.02 and closed the trading day at $29.88, in the green by 4.00%. The total traded volume for the day was 689,266. The stock had closed at $28.73 in the previous days trading.

Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Companys largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company wholly owned by the Bank, the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina.

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