The stock of Banco Santander Brasil SA (ADR) (NYSE:BSBR) hit a new 52-week high and has $12.51 target or 45.00% above today’s $8.63 share price. The 5 months bullish chart indicates low risk for the $34.85B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $12.51 price target is reached, the company will be worth $15.68 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.11 million shares traded hands. Banco Santander Brasil SA (ADR) (NYSE:BSBR) has risen 66.39% since April 19, 2016 and is uptrending. It has outperformed by 62.53% the S&P500.
Banco Santander Brasil SA (ADR) (NYSE:BSBR) Ratings Coverage
Out of 3 analysts covering Banco Santander Brasil (NYSE:BSBR), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Banco Santander Brasil has been the topic of 3 analyst reports since November 12, 2015 according to StockzIntelligence Inc. HSBC downgraded the shares of BSBR in a report on Tuesday, January 19 to “Reduce” rating. The stock of Banco Santander Brasil SA (ADR) (NYSE:BSBR) has “Market Perform” rating given on Thursday, November 12 by JP Morgan. Credit Suisse upgraded the shares of BSBR in a report on Monday, October 17 to “Neutral” rating.
More news for Banco Santander Brasil SA (ADR) (NYSE:BSBR) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Benzinga.com‘s article titled: “Banco Santander Brasil Upgraded, Price Target Raised 39% By Credit Suisse” and published on October 17, 2016 is yet another important article.
Banco Santander S.A. (Santander Brasil) is indirectly controlled by Banco Santander, S.A., and is an institution of the financial and non-financial group. The company has a market cap of $34.85 billion. The Bank operates as a multiple bank. It has a 29.74 P/E ratio. The Bank operates through two divisions: Commercial Banking and Global Wholesale Banking.
BSBR Company Profile
Banco Santander (Brasil) S.A. (Santander Brasil), incorporated on August 9, 1985, is indirectly controlled by Banco Santander, S.A., and is an institution of the financial and non-financial group. The Bank operates as a multiple bank. The Bank operates through two divisions: Commercial Banking and Global Wholesale Banking. The Commercial Banking segment encompasses the entire commercial banking business (except for the Corporate Banking business managed globally using the Global Relationship Model). The Global Wholesale Banking segment reflects the returns on the Global Corporate Banking business, those on Investment Banking and Markets across the world, including all treasury departments and the equities business. It operates with commercial, investment, credit and financing and exchange, mortgage lending, leasing, credit cards and securities brokerage.
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