Banco Santander, S.A. (SAN) Given Average Recommendation of “Buy” by Analysts

Banco Santander, S.A. (NYSE:SAN) has earned a consensus recommendation of “Buy” from the fourteen analysts that are covering the stock. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $6.75.

A number of research analysts recently commented on SAN shares. Deutsche Bank AG reiterated a “buy” rating on shares of Banco Santander, in a research note on Tuesday, March 14th. Goldman Sachs Group Inc reiterated a “buy” rating on shares of Banco Santander, in a research note on Friday, December 16th. Kepler Capital Markets reiterated a “buy” rating on shares of Banco Santander, in a research note on Wednesday, February 22nd. Zacks Investment Research upgraded shares of Banco Santander, from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research note on Thursday. Finally, Societe Generale started coverage on shares of Banco Santander, in a research note on Thursday, February 23rd. They set a “buy” rating on the stock.

Shares of Banco Santander, (NYSE:SAN) opened at 6.13 on Wednesday. The stock has a market cap of $89.38 billion, a price-to-earnings ratio of 14.03 and a beta of 1.67. The company has a 50-day moving average price of $5.63 and a 200-day moving average price of $5.04. Banco Santander, has a 1-year low of $3.60 and a 1-year high of $6.20.

Several hedge funds and other institutional investors have recently bought and sold shares of SAN. SG Americas Securities LLC raised its position in Banco Santander, by 196.5% in the third quarter. SG Americas Securities LLC now owns 2,501,017 shares of the company’s stock worth $11,029,000 after buying an additional 1,657,419 shares in the last quarter. Guggenheim Capital LLC raised its position in Banco Santander, by 116.3% in the fourth quarter. Guggenheim Capital LLC now owns 755,204 shares of the company’s stock worth $3,912,000 after buying an additional 406,119 shares in the last quarter. Comerica Bank raised its position in Banco Santander, by 13.6% in the fourth quarter. Comerica Bank now owns 839,241 shares of the company’s stock worth $4,540,000 after buying an additional 100,489 shares in the last quarter. Guardian Capital LP raised its position in Banco Santander, by 41.2% in the fourth quarter. Guardian Capital LP now owns 93,196 shares of the company’s stock worth $483,000 after buying an additional 27,189 shares in the last quarter. Finally, Algebris Investments UK LLP bought a new position in Banco Santander, during the third quarter worth approximately $1,251,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

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About Banco Santander,

Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.

5 Day Chart for NYSE:SAN

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