Banco Santander,’s (SAN) Buy Rating Reiterated at J P Morgan Chase & Co
Banco Santander, S.A. (BME:SAN)‘s stock had its “buy” rating reissued by investment analysts at J P Morgan Chase & Co in a report issued on Friday.
A number of other equities research analysts also recently issued reports on the company. Jefferies Group LLC set a €4.70 ($5.60) price target on Banco Santander, and gave the company a “sell” rating in a research note on Friday, September 1st. Citigroup Inc. set a €5.95 ($7.08) price target on Banco Santander, and gave the company a “neutral” rating in a research note on Wednesday, August 23rd. Morgan Stanley restated a “neutral” rating on shares of Banco Santander, in a research note on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) set a €6.40 ($7.62) price target on Banco Santander, and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Finally, Royal Bank Of Canada set a €5.90 ($7.02) price target on Banco Santander, and gave the company a “neutral” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Banco Santander, presently has a consensus rating of “Hold” and an average target price of €6.20 ($7.38).
Shares of Banco Santander, (SAN) traded up 0.31% during midday trading on Friday, hitting $6.41. 5,948,331 shares of the stock were exchanged. The firm’s 50 day moving average price is $6.60 and its 200-day moving average price is $6.39. The stock has a market cap of $98.59 billion and a P/E ratio of 12.09. Banco Santander, has a 52-week low of $4.19 and a 52-week high of $6.99.
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About Banco Santander,
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. The company offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages and auto finance, personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.
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