Banco Santander (BNC) Gets a Buy from UBS
UBS analyst Jason Napier maintained a Buy rating on Banco Santander today and set a price target of €12.20.
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Napier covers the Financial sector, focusing on stocks such as Barclays, HSBC Holdings, and Lloyds Banking. According to TipRanks, Napier has an average return of 22.1% and a 65.82% success rate on recommended stocks.
In addition to UBS, Banco Santander also received a Buy from RBC Capital’s Benjamin Toms in a report issued today. However, on March 5, TipRanks – OpenAI downgraded Banco Santander (LSE: BNC) to a Hold.
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 53 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:
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- Banco Santander Advances Share Buyback, Reaches 38.7% of Planned Investment
- Related Party Increases Exposure to Banco Santander Shares Through Two Purchases
- Insider-Associated Entity Purchases Santander Share-Linked Instruments
- Banco Santander Buys Back 16.3% of Shares Under Ongoing Programme
- Santander grants over 80,000 shares to senior executive under bonus buyout plan
