Breaking: Banco Santander Brasil SA (ADR)’s Trend Up, Especially After Today’s 52-Week High Milestone

Breaking: Banco Santander Brasil SA (ADR)'s Trend Up, Especially After Today's 52 Week High Milestone

The stock of Banco Santander Brasil SA (ADR) (NYSE:BSBR) hit a new 52-week high and has $11.90 target or 48.00% above today’s $8.04 share price. The 8 months bullish chart indicates low risk for the $31.04 billion company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $11.90 price target is reached, the company will be worth $14.90 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 192,680 shares traded hands. Banco Santander Brasil SA (ADR) (NYSE:BSBR) has risen 66.18% since March 29, 2016 and is uptrending. It has outperformed by 62.70% 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. JP Morgan downgraded Banco Santander Brasil SA (ADR) (NYSE:BSBR) on Thursday, November 12 to “Market Perform” rating. HSBC downgraded the stock to “Reduce” rating in Tuesday, January 19 report. On Monday, October 17 the stock rating was upgraded by Credit Suisse to “Neutral”.

More recent Banco Santander Brasil SA (ADR) (NYSE:BSBR) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades” on October 17, 2016. Zacks.com‘s news article titled: “Banco Santander to Buy Brazilian Subsidiary” with publication date: April 30, 2014 was also an interesting one.

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 $31.04 billion. The Bank operates as a multiple bank. It has a 26.26 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment