Shayne Heffernan of Ebeling Heffernan has issued a strong buy on Banco Santander, S.A.
NYSE:STD, NYSE:BSBR, NYSE:SAN Target $120
Banco Santander, S.A. (Santander) is a financial group operating principally in Spain, the United Kingdom, Portugal, other European countries, Brazil and other Latin American countries and the United States, offering a range of financial products. It operates in four segments: Continental Europe, United Kingdom, Latin America and Sovereign.
Continental Europe segment covers all retail banking business (including Banco Banif, S.A. (Banif), its specialized private bank), wholesale banking and asset management and insurance conducted in Europe, with the exception of the United Kingdom.
United Kingdom segment includes retail and wholesale banking, asset management and insurance conducted by the various units and branches of the Company in the United Kingdom. Latin America segment includes the specialized units in Santander Private Banking, as an independent globally managed unit. Santander’s business in New York is also managed in this area.
1.Range 88.27 – 91.15
2.52 week 56.72 – 99.99
4.Vol / Avg. 26,569.00/135,258.00
5.Mkt cap 16.02B
11.Inst. own 17%