Zacks Lowers Grupo Financiero Galicia to Neutral (GGAL)
Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Monday. They currently have a $16.70 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 29.26% from the company’s current price.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded up 1.70% on Monday, hitting $13.14. The stock had a trading volume of 374,253 shares. Grupo Financiero Galicia has a 1-year low of $6.43 and a 1-year high of $18.50. The stock has a 50-day moving average of $15.25 and a 200-day moving average of $12.73. The company has a market cap of $1.709 billion and a P/E ratio of 5.14.
Grupo Financiero Galicia (NASDAQ:GGAL) last released its earnings data 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. Analysts expect that Grupo Financiero Galicia will post $2.36 EPS for the current fiscal year.
Separately, analysts at JPMorgan Chase & Co. downgraded shares of Grupo Financiero Galicia to an “underweight” rating in a research note on Wednesday, June 11th.
Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company.
To view Zacks’ full report, visit Zacks’ official website.
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