UBS Keeps Their Buy Rating on Banco Santander (BNC)
In a report released today, Ignacio Cerezo from UBS maintained a Buy rating on Banco Santander, with a price target of €12.20.
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According to TipRanks, Cerezo is a 5-star analyst with an average return of 25.8% and a 68.51% success rate. Cerezo covers the Financial sector, focusing on stocks such as Banco Santander, Banco Bilbao Vizcaya Argentaria, and Intesa Sanpaolo SpA.
In addition to UBS, Banco Santander also received a Buy from Barclays’s Cecilia Romero in a report issued on March 16. 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 51 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 Awards Deferred Share-Based Pay to Senior Executive
- Banco Santander Advances €2.14 Billion Share Buyback Programme
- Banco Santander price target raised to EUR 12.50 from EUR 12.25 at RBC Capital
- Santander Discloses Senior Executive’s Sale of ADRs on NYSE
- Banco Santander Advances Share Buyback, Reaches 38.7% of Planned Investment
