RBC Capital Sticks to Its Buy Rating for Banco Santander (BNC)
In a report released today, Benjamin Toms from RBC Capital maintained a Buy rating on Banco Santander, with a price target of €12.50.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Toms covers the Financial sector, focusing on stocks such as Banco Santander, HSBC Holdings, and Banco Bilbao Vizcaya Argentaria. According to TipRanks, Toms has an average return of 18.3% and a 67.48% success rate on recommended stocks.
In addition to RBC Capital, Banco Santander also received a Buy from UBS’s Jason Napier 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:
Disclaimer & DisclosureReport an Issue
- 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
