Economy

Banco Santander Brasil SA (BSBR) Receives $12.47 Average Target Price from Brokerages

Sell-side analysts that regularly cover the stock have offered price targets and recommendations on Banco Santander (Brasil) S.A. (NYSE:BSBR). The stock sank -7.69% last month and is up 22.78 this year.

Several other equities research analysts have also recently weighed in on BSBR.

Traders are feeling more bullish on shares of Banco Santander Brasil SA Ameri lately as evidenced by the downtick in short interest. Zacks Investment Research raised Banco Santander Brasil SA from a "hold" rating to a "buy" rating and set a $9.75 target price on the stock in a research note on Tuesday, August 15th. A rating of 3 would indicate a Hold recommendation. They issued a sell rating for the company.

Analyzing the technical facts of Banco Santander, S.A. (SAN), its current distance from 20-Day Simple Moving Average is -2.45% and standing -4.47% away from 50-Day Simple Moving Average while traded up 5.84% from 200-Day Simple Moving Average. Banco Santander, presently has an average rating of "Hold" and an average target price of $16.63. The correct version of this article can be viewed at https://stocknewstimes.com/2017/09/08/tocqueville-asset-management-l-p-continues-to-hold-position-in-banco-santander-s-a-san.html.

Shares of Banco Santander Brasil SA (NYSE:BSBR) traded down 0.242% during trading on Friday, hitting $10.315. Almost 6.36 million shares were traded by the close, higher than its average daily volume of 6.53 million shares. Taking a look back at some stock price performance numbers for Banco Santander (Brasil) S.A. (NYSE:BSBR), we have noted that performance for the previous week is 3.41%.

The company now has a P/E ratio of 13.99 and the market cap of the company is 34.74B. The company's 50-day moving average is $8.58 and its 200 day moving average is $8.62. The company also recently declared a dividend for shareholders which was paid on Friday June 2nd, 2017. Shares saw a steep decrease in trading volume of 42.86% under the normal average daily volume. The ex-dividend date of this dividend is Thursday, January 5th.

Banco Santander, S.A. (SAN)'s RSI (Relative strength index) is at 40.57, its ATR (Average True Range) value is 0.1, while its Beta factor was calculated at 1.39.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. As of the end of the quarter Jane Street Group, LLC had bought 419,981 shares growing its stake by 944.4%. Ltd. boosted its stake in shares of Banco Santander Brasil SA by 10.4% in the third quarter. The stock jumped 13.57 percent over the past six months.

According to Research firm Zacks, "Banco Santander SA is the biggest bank in Spain and the biggest worldwide bank in Latin America as well". Checking in quickly on recent volatility numbers, we can see that shares have been recorded at 2.84% for the week, and 2.57% for the last month. Quantbot Technologies LP bought a new stake in shares of Banco Santander Brasil SA during the third quarter worth $191,000.

Banco Santander (Brasil) SA (the Bank) is indirectly controlled by Banco Santander, SA, and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking.



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