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Grupo Financiero Galicia (NASDAQ:GGAL) shares reached a new 52-week high on Wednesday , StockRatingsNetwork.com reports. The stock traded as high as $18.50 and last traded at $17.27, with a volume of 2,051,872 shares traded. The stock had previously closed at $15.12.

A number of analysts have recently weighed in on GGAL shares. Analysts at Zacks upgraded shares of Grupo Financiero Galicia from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 8th. They now have a $16.90 price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Grupo Financiero Galicia to an “underweight” rating in a research note on Wednesday, June 11th.

The stock has a 50-day moving average of $15.07 and a 200-day moving average of $12.29. The company has a market cap of $2.205 billion and a P/E ratio of 6.69.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its earnings results on Tuesday, May 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.21. On average, analysts predict that Grupo Financiero Galicia will post $2.41 earnings per share for the current fiscal year.

Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company.

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