Banco Macro SA – Consensus indicates potential increase of 72.5%

Banco Macro SA with ticker code (BMA) now have 8 analysts covering the stock. Analysts’ consensus indicates a “Hold” rating. The target price varies between 63 and 14 by calculating the average target price that we have 22.73. Given that the previous close for shares was at 13.18, this would indicate that there is potential for a 72.5% upside. There is a 50-day moving average of 14.09 and the 200 moving average now drops to 14.49. The company’s market capitalization is $ 1,346 million. For more information see: http://www.macro.com.ar

Banco Macro SA provides various banking products and services to individuals and businesses in Argentina. It offers various retail banking products and services, such as savings and chequing accounts, term deposits, credit and debit cards, consumer loans, mortgages, auto loans, overdrafts, credit-related services, home and auto insurance, tax collection, utility payments, automated teller machines (ABMs) and money transfers. The company also provides personal loans, document rebates, residential mortgages, overdrafts, collateralized loans and credit card loans to retail customers. In addition, it offers business banking products and services, including deposits, loans, check-cashing and factoring advances, secured loans, lines of credit for trade finance, and banking services. cash management; trust, payroll and financial agency services, as well as corporate credit cards and other specialty products; and working capital facilities, credit for investment projects and leasing and foreign trade operations. In addition, the company provides transaction services, such as collection services, supplier payments, payroll services and foreign exchange transactions; information services including Datanet and Interpymes services to client companies; and Internet and mobile banking services. As of December 31, 2019, it operated through a network of 463 branches, 1,542 ATMs, 955 self-service terminals and service points. Banco Macro SA was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.

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