Barclays Remains a Buy on Banco Santander (BNC)
In a report released today, Cecilia Romero from Barclays maintained a Buy rating on Banco Santander, with a price target of €12.90.
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Romero covers the Financial sector, focusing on stocks such as Banco Santander, Banco Bilbao Vizcaya Argentaria, and Unicaja Banco SA. According to TipRanks, Romero has an average return of 22.8% and a 79.03% success rate on recommended stocks.
In addition to Barclays, Banco Santander also received a Buy from RBC Capital’s Benjamin Toms in a report issued on May 12. However, on May 5, DZ BANK AG maintained a Hold rating on Banco Santander (LSE: BNC).
Based on Banco Santander’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €29.05 billion and a net profit of €3.76 billion. In comparison, last year the company earned a revenue of €14.15 billion and had a net profit of €3.27 billion
Based on the recent corporate insider activity of 47 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.
Read More on GB:BNC:
Disclaimer & DisclosureReport an Issue
- Fitch upgrades Banco Santander and key subsidiaries’ credit ratings
- Banco Santander price target raised to EUR 12.75 from EUR 12.50 at RBC Capital
- Banco Santander Grants Shares to Senior Executive Vice-President
- Banco Santander price target raised to EUR 12.10 at Deutsche Bank
- Banco Santander price target raised to EUR 12.30 at Morgan Stanley
