Exane BNP Paribas downgraded Banco Santander (NYSE:SAN) from Outperform to Underperform in a statement released earlier today.
- Updated: February 11, 2017
Exane BNP Paribas has downgraded Banco Santander (NYSE:SAN) from Outperform to Underperform in a statement released on 02/09/2017.
Having a price of $5.33, Banco Santander (NYSE:SAN) traded -2.02% lower on the day. With the last close up 12.52% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the same period. Banco Santander has recorded a 50-day average of $5.41 and a two hundred day average of $4.75. Volume of trade was down over the average, with 4,397,278 shares of SAN changing hands under the typical 5,105,620
With a total market value of $0, Banco Santander has price-earnings ratio of 12.14 with a one year low of $3.60 and a one year high of $5.74 .
A total of 1 brokerage has issued a ratings update on the stock. 0 firms rating the stock a strong buy, 0 equity analysts rating the company a buy, one brokerage rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a average stock price target of $4.82.
Brief Synopsis On Banco Santander (NYSE:SAN)
Banco Santander, S.A. 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. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country. The Latin America segment embraces all its financial activities conducted through its banks and subsidiaries in the region. The United States segment includes the holding company, Santander Holdings USA (SHUSA), the businesses of Santander Bank, Santander Consumer USA and Banco Santander Puerto Rico, the specialized unit of Banco Santander International and Spanish Branch of Santander in New York.
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