Banco Santander (BME:SAN) Upgraded to Outperform by Credit Suisse Group


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Banco Santander (BME:SAN) was upgraded by research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, Price Targets.com reports. The brokerage currently has a €3.30 ($3.88) price objective on the stock.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada set a €3.00 ($3.53) price target on shares of Banco Santander and gave the company a “buy” rating in a report on Thursday, February 11th. Deutsche Bank Aktiengesellschaft set a €2.85 ($3.35) price target on shares of Banco Santander and gave the company a “neutral” rating in a report on Tuesday, January 12th. Barclays reaffirmed a “buy” rating on shares of Banco Santander in a report on Thursday, March 4th. JPMorgan Chase & Co. set a €3.10 ($3.65) price target on shares of Banco Santander and gave the company a “neutral” rating in a report on Tuesday, March 23rd. Finally, The Goldman Sachs Group set a €4.25 ($5.00) price objective on shares of Banco Santander and gave the stock a “buy” rating in a research report on Monday, March 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Banco Santander has a consensus rating of “Hold” and a consensus target price of €2.96 ($3.49).

Banco Santander has a 1-year low of €5.27 ($6.20) and a 1-year high of €6.25 ($7.35).

About Banco Santander

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, used vehicle finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; various cards; debt capital market services; and insurance products.

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Analyst Recommendations for Banco Santander (BME:SAN)

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