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Citi Sticks to Its Buy Rating for Banco Santander (BNC)

Tipranks - Fri Apr 17, 12:06AM CDT

Citi analyst Borja Ramirez Segura reiterated a Buy rating on Banco Santander yesterday. The company’s shares closed yesterday at €10.65.

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Ramirez Segura covers the Financial sector, focusing on stocks such as Banco Santander, BAWAG Group AG , and Banco Bilbao Vizcaya Argentaria. According to TipRanks, Ramirez Segura has an average return of 34.8% and a 92.16% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Banco Santander with a $14.30 average price target, representing a 34.24% upside. In a report released on April 14, Jefferies also maintained a Buy rating on the stock with a €12.00 price target.

BNC market cap is currently €151.9B and has a P/E ratio of 10.62.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BNC in relation to earlier this year.

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