Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded by Morgan Stanley to Overweight Rating

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by research analysts at Morgan Stanley from an “underweight” rating to an “overweight” rating in a research report issued on Monday, MarketBeat Ratings reports. The brokerage currently has a $92.00 price objective on the bank’s stock. Morgan Stanley’s target price would indicate a potential upside of 33.88% from the company’s current price.

GGAL has been the topic of a number of other research reports. JPMorgan Chase & Co. upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price target on the stock in a research note on Friday, August 30th. StockNews.com lowered shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Grupo Financiero Galicia currently has an average rating of “Moderate Buy” and an average price target of $59.00.

Grupo Financiero Galicia Stock Up 1.4 %

NASDAQ:GGAL opened at $68.72 on Monday. Grupo Financiero Galicia has a twelve month low of $15.32 and a twelve month high of $70.30. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 9.47 and a beta of 1.87. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $54.52 and its two-hundred day moving average price is $41.78.

Institutional Trading of Grupo Financiero Galicia

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. acquired a new stake in shares of Grupo Financiero Galicia in the 2nd quarter valued at $40,000. Ashton Thomas Private Wealth LLC acquired a new stake in Grupo Financiero Galicia in the second quarter valued at about $51,000. Banco Santander S.A. bought a new position in Grupo Financiero Galicia in the second quarter valued at about $211,000. NorthRock Partners LLC acquired a new position in Grupo Financiero Galicia during the third quarter worth about $253,000. Finally, XTX Topco Ltd bought a new position in shares of Grupo Financiero Galicia in the third quarter worth about $266,000.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.