Notable Mover: What’s Ahead for Banco Santander Brasil SA (ADR) After Making 52-Week High?

Notable Mover: What's Ahead for Banco Santander Brasil SA (ADR) After Making 52 Week High?

The stock of Banco Santander Brasil SA (ADR) (NYSE:BSBR) hit a new 52-week high and has $10.07 target or 22.00% above today’s $8.25 share price. The 7 months bullish chart indicates low risk for the $30.54 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $10.07 price target is reached, the company will be worth $6.72 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 346,788 shares traded hands. Banco Santander Brasil SA (ADR) (NYSE:BSBR) has risen 71.90% since April 5, 2016 and is uptrending. It has outperformed by 69.94% 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. Credit Suisse upgraded the stock to “Neutral” rating in Monday, October 17 report. HSBC downgraded Banco Santander Brasil SA (ADR) (NYSE:BSBR) on Tuesday, January 19 to “Reduce” rating. On Thursday, November 12 the stock rating was downgraded by JP Morgan to “Market Perform”.

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: “Benzinga’s Top Upgrades” 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 $30.54 billion. The Bank operates as a multiple bank. It has a 27.19 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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