Banco Santander SA Coverage Initiated by Analysts at JPMorgan Chase (SAN)

Investment analysts at JPMorgan Chase started coverage on shares of Banco Santander SA (MCE: SAN) in a note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm set an “underweight” rating and a €4.34 ($5.64) price target on the stock.

Several other analysts have also recently commented on the stock. Analysts at Ahorro Corporacion Financiera SA reiterated a “sell” rating on shares of Banco Santander SA in a research note to investors on Wednesday. They now have a €5.06 ($6.57) price target on the stock. Separately, analysts at Bankhaus Lampe downgraded shares of Banco Santander SA to a “hold” rating in a research note to investors on Wednesday, June 5th. They now have a €6.00 ($7.79) price target on the stock. Finally, analysts at Bankia Bolsa reiterated an “accumulate” rating on shares of Banco Santander SA in a research note to investors on Tuesday, June 4th. They now have a €6.35 ($8.25) price target on the stock.

Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Banco Santander SA currently has an average rating of “Hold” and an average target price of €5.80 ($7.54).

Banco Santander SA (MCE: SAN) is a Spain-based financial institution primarily engaged in the retail banking.

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