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Banco Santander (BNC) Receives a Rating Update from a Top Analyst

Tipranks - Wed May 6, 7:40AM CDT

In a report released today, Alfredo Alonso Estudillo from Deutsche Bank maintained a Buy rating on Banco Santander, with a price target of €12.10.

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According to TipRanks, Alonso Estudillo is a top 100 analyst with an average return of 39.9% and an 85.71% success rate. Alonso Estudillo covers the Financial sector, focusing on stocks such as Banco Santander, Banco Bilbao Vizcaya Argentaria, and Bank of Cyprus Holdings.

In addition to Deutsche Bank , Banco Santander also received a Buy from Barclays’s Cecilia Romero in a report issued on April 30. However, today, DZ BANK AG maintained a Hold rating on Banco Santander (LSE: BNC).

The company has a one-year high of €11.26 and a one-year low of €6.26. Currently, Banco Santander has an average volume of 34.8M.

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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