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Banco Santander Mexico (NYSE:BSMX) target price raised to $8.10, issued a report today by Goldman Sachs

Yesterday Banco Santander Mexico (NYSE:BSMX) traded -4.67% lower at $8.78. The company’s 50-day moving average is $9.36 and its 200-day moving average is $9.05. The last stock close price is down -7.55% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 300,067 shares of the stock were exchanged, down from an average trading volume of 1,370,590

Banco Santander Mexico (NYSE:BSMX) had its target price raised to $8.10 by Goldman Sachs in a report released Friday September 23, 2016. The new target price indicates a possible downside of -0.08% based on the company's last stock close price.

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Banco Santander Mexico (NYSE:BSMX)

Banco Santander Mexico has a 52 week low of $6.76 and a 52 week high of $10.13 with a P/E ratio of 14.81 The company’s market cap is currently $0.

In addition to Goldman Sachs reporting its target price, a total of 7 firms have issued a report on the stock. The consensus target price is $9.96 with 0 firms rating the stock a strong buy, 3 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Banco Santander Mexico (NYSE:BSMX)

Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The Company offers its services to both, individual and corporate clients. The Company owns such principal subsidiaries as Banco Santander (Mexico) SA, Casa de Bolsa Santander SA de CV and Zurich Santander Seguros Mexico S.A.

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