Grupo Financiero Galicia (NASDAQ:GGAL) Sets New 12-Month High – Should You Buy?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $70.30 and last traded at $68.50, with a volume of 146027 shares. The stock had previously closed at $67.76.

Analyst Ratings Changes

A number of research firms recently commented on GGAL. Morgan Stanley upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective on the stock in a report on Monday. StockNews.com cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia Stock Performance

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 firm has a 50 day moving average price of $54.52 and a 200-day moving average price of $41.78.

Institutional Trading of Grupo Financiero Galicia

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth about $40,000. Ashton Thomas Private Wealth LLC acquired a new position in Grupo Financiero Galicia in the second quarter valued at $51,000. NorthRock Partners LLC purchased a new stake in shares of Grupo Financiero Galicia in the 3rd quarter valued at about $253,000. XTX Topco Ltd purchased a new stake in Grupo Financiero Galicia in the third quarter valued at approximately $266,000. Finally, Quadrature Capital Ltd acquired a new position in Grupo Financiero Galicia in the third quarter valued at $278,000.

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.