In a report released yesterday, Ernesto Gabilondo from Bank of America Securities maintained a Sell rating on Grupo Supervielle SA (SUPV – Research Report), with a price target of $0.80. The company’s shares closed yesterday at $2.47.
Gabilondo covers the Financial sector, focusing on stocks such as Bancolombia, Banco Macro SA, and Credicorp. According to TipRanks, Gabilondo has an average return of -5.4% and a 50.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Grupo Supervielle SA with a $0.80 average price target.
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SUPV market cap is currently $453.4M and has a P/E ratio of -7.21.
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Grupo Supervielle SA is a holding company, which engages in the provision of banking services through its subsidiaries. It operates through the following segments: Retail Banking, Corporate Banking, Treasury, Consumer, Insurance, and Asset Management and Other Services. The Retail Banking segment involves in granting of loans and other credit products such as deposits of physical persons. The Corporate Banking segment focuses in advisory services at a corporate and financial level, as well as the administration of assets and loans targeted to big clients. The Treasury segment operates with Government Securities of the Group, syndicated loans, and financial lease. The Consumer segment consists of loans and other credit products targeted to middle and lower-middle income sectors and non-financial products and services. The Insurance segment comprises insurance products, with a focus on life insurance. The Asset Management and Other Services segment offers mutual funds and other products and services through InvertirOnline S.A.U. The company was founded on October 8, 1979 and is headquartered in Buenos Aires, Argentina.
