Banco Santander (BME:SAN) Given a €5.30 Price Target at HSBC

HSBC set a €5.30 ($6.16) price objective on Banco Santander (BME:SAN) in a research note released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

SAN has been the topic of several other reports. Barclays dropped their price target on from GBX 320 ($4.18) to GBX 290 ($3.79) and set an overweight rating on the stock in a research report on Tuesday, June 25th. Deutsche Bank upped their price target on Prudential Financial from $97.00 to $104.00 and gave the company a hold rating in a research report on Friday, April 12th. Jefferies Financial Group initiated coverage on in a research report on Wednesday, July 3rd. They set an underperform rating on the stock. JPMorgan Chase & Co. reissued a top pick rating on shares of in a research report on Thursday, July 4th. Finally, UBS Group lowered Telstra from a buy rating to a neutral rating in a research report on Monday, July 1st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of €4.99 ($5.80).

Banco Santander has a 52-week low of €5.27 ($6.13) and a 52-week high of €6.25 ($7.27).

About Banco Santander

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.

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