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Banco Macro SA (ADR) (NYSE:BMA) stock price target increased to $103.00, issued a report today by Zacks Investment Research

In a report released on 06/05/2017 Zacks Investment Research increased the stock price target of Banco Macro SA (ADR) (NYSE:BMA) to $103.00 stating a potential upside of 0.07%.

Boasting a price of $96.57, Banco Macro SA (ADR) (NYSE:BMA) traded 0.23% higher on the day. With the last stock price close up 34.30% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Banco Macro SA (ADR) has recorded a 50-day average of $111.60 and a two hundred day average of $94.63. Volume of trade was up over the average, with 278,262 shares of BMA changing hands over the typical 199,398

Performance Chart

Banco Macro SA (ADR) (NYSE:BMA)

With a total market value of $0, Banco Macro SA (ADR) has price-earnings ratio of 20.33 with a one year low of $61.12 and a one year high of $127.84 .

A total of 8 equity analysts have released a ratings update on BMA. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $73.62.

Brief Synopsis About Banco Macro SA (ADR) (NYSE:BMA)

Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA. It has approximately two categories of customers, such as retail customers, including individuals and entrepreneurs and corporate customers, which include small, medium and large companies and major corporations. In addition, it provides services to over four provincial governments. It provides its corporate customers with traditional banking products and services, such as deposits, lending (including overdraft facilities), check cashing advances and factoring, guaranteed loans and credit lines for financing foreign trade and cash management services.

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