Mensajepor EL REY » Sab Feb 13, 2016 8:16 pm
JP Morgan Upgrades Grupo Financiero Galicia S.A. (ADR) to Neutral with Price Target $32.00
By Rich Holloway - February 12, 2016
Brokerage firm JP Morgan Upgrades its rating on Grupo Financiero Galicia S.A. (ADR)(NASDAQ:GGAL). In a research note issued to the investors, the brokerage major Raises a price-target of $32.00 per share. The shares have been rated Neutral. Previously, the analysts had a Underweight rating on the shares. The rating by JP Morgan was issued on Feb 9, 2016.
The company shares have rallied 54.22% in the past 52 weeks.On Nov 23, 2015, the shares registered one year high of $29.25 and one year low was seen on Aug 24, 2015 at $15.3. The 50-day moving average is $26.19 and the 200 day moving averge is recorded at $22.82. S&P 500 has seen a change of -10.46% during the last 52-weeks.
Grupo Financiero Galicia S.A. (ADR) (GGAL) shares turned negative on Thursdays trading session with the shares closing down -1 points or -3.58% at a volume of 2,00,399. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.35. The peak price level was also seen at $27.35 while the days lowest was $26.4684. Finally the shares closed at $26.9. The 52-week high of the shares is $29.25 while the 52-week low is $15.3. According to the latest information available, the market cap of the company is $3,498 M.
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 Company’s 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.
