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Banco Santander Brasil SA (ADR) (NYSE:BSBR) target price raised to $8.50, reported today by Zacks Investment Research

Yesterday Banco Santander Brasil SA (ADR) (NYSE:BSBR) traded 4.49% higher at $7.53. The company’s 50-day moving average is $9.13 and its 200-day moving average is $8.44. The last stock close price is down 7.64% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 405,310 shares of the stock were exchanged, down from an average trading volume of 1,721,320

Banco Santander Brasil SA (ADR) (NYSE:BSBR) had its target price raised to $8.50 by Zacks Investment Research in a report released Tuesday May 23, 2017. The new target price indicates a possible upside of 0.13% based on the company's last stock close price.

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Banco Santander Brasil SA (ADR) (NYSE:BSBR)

Banco Santander Brasil SA (ADR) has a 52 week low of $6.86 and a 52 week high of $11.75 with a P/E ratio of 13.76 The company’s market cap is currently $0.

About Banco Santander Brasil SA (ADR) (NYSE:BSBR)

Banco Santander (Brasil) S.A. (the Bank) is indirectly controlled by Banco Santander, S.A., and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange. The Bank also operates in the payment institution, leasing, buying club management and securities, insurance brokerage operations, capitalization and pension plan. Through Global Wholesale Banking segment, the Bank offers financial services and structured solutions to its customers, in parallel with its trading activities. It also offers foreign exchange products, over the counter derivatives and investments to all of its clients, including institutional investors, corporate clients and individuals.

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