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Banco Macro SA – Consensus indicates upside potential of 46.3%

Bank Macro SA with ticker code (BMA) now have 8 total analysts covering the stock. The consensus rating is ‘Underperform’. The range between the high target price and the low target price is between 63 and 13, with the middle target price at 22.46. Now, with the previous closing price of 15.35, this indicates that there is 46.3% upside potential. The 50-day MA is at 16.01 and the 200 moving average is now moving to 15.69. The company has a market capitalization of $971 million. You can visit the company’s website by visiting:

The potential market capitalization would be $1,421 million based on market consensus.

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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 checking accounts, term deposits, credit and debit cards, consumer loans, mortgages, auto loans, overdrafts , credit-related services, home and auto insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. The company also offers 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, loans, check cashing and factoring advances, secured loans, lines of credit for trade finance and cash management ; and 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 cash management, collection services, supplier payments, payroll services, foreign exchange and foreign trade services; information services including Datanet and Interpymes services to corporate clients; and internet and mobile banking. In addition, it offers short-term and medium-long term business loan products. As of December 31, 2021, it operated through a network of 466 branches, 1,779 ATMs, 955 self-service kiosks and various service points. The company was incorporated in 1966 and is based in Buenos Aires, Argentina.