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Citigroup Inc. upgraded Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) to Neutral in a report released today.

Citigroup Inc. has upgraded Grupo Financiero Galicia S.A. (ADR)(NASDAQ:GGAL) to Neutral in a report released on 8/22/2016.

On 3/23/2016, Santander reported on Grupo Financiero Galicia S.A. (ADR)(NASDAQ:GGAL) bumped the target price from $0.00 to $31.00. At the time, this suggested an upside of 0.07%.

Displaying a price of $29.58, Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) traded 1.62% lower on the day. The last close is up 3.03% from the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. GGAL has been tracking to a 50-day average of $29.77 and two hundred day average of $29.35. 141,261 shares of the stock traded hands, down from ann avg. volume of 283,233

Recent Performance Graphic:

Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (ADR) has a P/E of 11 with a one-year low of $16.62 and a 52 week high of $33.08 and has a total market value of $0.0.

In addition to Citigroup Inc. reporting it’s target price, a total of 6 brokerages have released a report on the stock. The one year target price is $32.62 with 0 rating the stock a strong buy, three firms rating the stock a buy, three firms rating the stock a hold, 0 rating the company to underperform, and finally 0 analystsrating the stock as sell.

About Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay S.A. (Galicia Uruguay). It operates the regional credit cards segment through Tarjetas Regionales S.A. and its subsidiaries. Its CFA business segment extends unsecured personal loans to low and middle-income segments of the Argentine population. The Company operates the insurance segment through Sudamericana Holding S.A. and its subsidiaries. Its Other Grupo Galicia Businesses segment includes the results of Galicia Warrants S.A., and Galicia Administradora de Fondos S.A. Sociedad Gerente de Fondos Comunes de Inversion and Net Investment S.A.

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