Banco Macro S.A. with ticker code (BMA) now have 9 analysts covering the stock. The analyst consensus points to a rating of ‘Underperform’. The target price ranges between 63 and 15 with the average target price sitting at 30.93. Given that the stocks previous close was at 20.76 this indicates there is a potential upside of 49.0%. The 50 day MA is 20.16 and the 200 moving average now moves to 24.6. The market capitalisation for the company is $1,256m. Company Website: http://www.macro.com.ar
Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. The company also provides personal loans, document discounts, residential mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services, including deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services; 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 transactions. Further, the company provides transaction services, such as collection services, payments to suppliers, payroll services, and foreign exchange transactions; information services comprising Datanet and Interpymes services to corporate customers; 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 S.A. was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.