2024-02-01 18:04:02
The action of Santander Bank has registered an advance of 5.7% in two days on the Stock Market, after its successful presentation of results this Wednesday, which led several analysts to increase the target price of the value.
Santander Bank It was trading in the mid-session today, Thursday, at around 3.8690 euros per share, from 3.6595 euros prior to the presentation of results.
Santander Bank announced on January 31 that in 2023 it broke its profit record for the second consecutive year, achieving net profits of 11,076 million euros. Ana Botín It also pointed out that the entity intended to reach the ‘treble’ with a new record in 2024, reaching 12,000 million euros in profits.
Following the publication of the financial report, several analysts improved their forecasts on the evolution of the share price. Bestinver now assigns it a target price of 5.30 euros, Morgan Stanley places it at 5.20 euros, and Goldman Sachs, at 5.25 euros. The three houses started from a previous price of 5 euros.
Bank of America, for its part, assigns a price of 5 euros, from the previous 4.80, and BNP Paribas believes that the share will reach 5 euros, while it previously expected 4.70 euros.
Of the analysts listed on the Bloomberg information portal who analyze Banco Santander, 22 recommend buying the stock, while another 10 recommend holding it. Only one considers that it is better to sell. The average target price is 4.92 euros, which implies a potential annual revaluation of the share of 27.5%.
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