Banco Santander (BME:SAN) received a €6.30 ($7.33) price target from equities researchers at Goldman Sachs Group in a report released on Thursday. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would indicate a potential upside of 15.81% from the company’s previous close.
A number of other brokerages have also recently issued reports on SAN. UBS Group set a €6.45 ($7.50) price objective on Banco Santander and gave the stock a “buy” rating in a report on Tuesday, July 3rd. Deutsche Bank set a €6.70 ($7.79) price objective on Banco Santander and gave the stock a “buy” rating in a report on Monday, July 23rd. Jefferies Financial Group reissued a “sell” rating on shares of Banco Santander in a report on Tuesday, August 14th. Kepler Capital Markets set a €4.85 ($5.64) price objective on Banco Santander and gave the stock a “neutral” rating in a report on Thursday, July 26th. Finally, Morgan Stanley set a €6.00 ($6.98) price objective on Banco Santander and gave the stock a “buy” rating in a report on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of €5.82 ($6.77).
Shares of BME SAN traded up €0.11 ($0.13) during trading on Thursday, reaching €5.44 ($6.33). 123,600,000 shares of the stock traded hands, compared to its average volume of 75,230,000. Banco Santander has a 52-week low of €5.27 ($6.13) and a 52-week high of €6.25 ($7.27).
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.
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