Banco Santander (BME:SAN) Given a €6.50 Price Target at Goldman Sachs Group
Banco Santander (BME:SAN) has been given a €6.50 ($7.56) price objective by equities research analysts at Goldman Sachs Group in a report released on Friday, September 21st. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would indicate a potential upside of 19.49% from the stock’s previous close.
SAN has been the topic of a number of other reports. Royal Bank of Canada set a €5.50 ($6.40) price target on shares of Banco Santander and gave the stock a “neutral” rating in a research report on Friday, July 13th. UBS Group set a €6.45 ($7.50) target price on shares of Banco Santander and gave the stock a “buy” rating in a report on Monday, June 11th. Deutsche Bank set a €6.70 ($7.79) target price on shares of Banco Santander and gave the stock a “buy” rating in a report on Thursday, June 14th. Morgan Stanley set a €5.90 ($6.86) target price on shares of Banco Santander and gave the stock a “buy” rating in a report on Monday, September 10th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Banco Santander in a report on Tuesday, September 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of €5.85 ($6.80).
Shares of SAN stock traded up €0.11 ($0.13) during midday trading on Friday, reaching €5.44 ($6.33). 123,600,000 shares of the company were exchanged, compared to its average volume of 75,230,000. Banco Santander has a 12 month low of €5.27 ($6.13) and a 12 month 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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