HSBC Resumes Grupo Financiero Galicia (GGAL) at Buy

HSBC analyst Carlos Gomez-Lopez resumes coverage on Grupo Financiero Galicia (NASDAQ: GGAL) with a Buy rating and a price target of $60.00.

The analyst comments: "After an extended period of restriction, with the domestic acquisition of HSBC's business in Argentina completed in December 2024 and a follow-on secondary equity offering in May, we resume coverage with a TP of USD60, implying c103% upside from the current price. The stock is trading at a PBV of 0.93x in 2025 and 0.81x in 2026. Galicia is now the largest private financial group in Argentina, with the largest bank and also leading in insurance, asset management and consumer finance. High ROAEs and M&A have allowed the company to build its capital ratio to a healthy CET1 of 23.2%, while the LDR is still at 92%, with room to expand further."

For an analyst ratings summary and ratings history on Grupo Financiero Galicia click here. For more ratings news on Grupo Financiero Galicia click here.

Shares of Grupo Financiero Galicia closed at $27.56 yesterday.

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