Analysis: Banco Santander-chile (NYSE:BSAC) Stock Target Increased Today
In a recent report disseminated by Barclays Capital on Thursday, 3 December, the firm, Banco Santander-chile (NYSE:BSAC), had their target price downgraded to $21.00. Analusts currently have a solid “Equal Weight” rating on the stock.
Approximately 204,089 shares of stock traded hands. Banco Santander-Chile (ADR) (NYSE:BSAC) has declined 15.08% since April 30, 2015 and is downtrending. It has underperformed by 14.80% the S&P500.
Banco Santander-Chile is a Chilean bank. The company has a market cap of $8.71 billion. The Firm provides commercial and retail banking services to its customers. It has 11.78 P/E ratio. The Company’s commercial and retail banking services include Chilean peso and foreign currency denominated loans to finance a range of commercial transactions, trade, foreign currency forward contracts and credit lines and a line of retail banking services, including mortgage financing.
According to Zacks Investment Research, “Banco Santiago is the largest bank in Chile, in terms of assets with Ch$4,088 billion (approximately US$9.86 billion ) as of March 31, 1997. The bank is the result of the merger of two of the largest institutions in the Chilean banking system, Banco O’Higgins S.A., mainly a corporate bank, and Banco de Santiago S.A., mainly focused in consumer and middle-market lending.” Get a free copy of the Zacks research report on Banco Santander-Chile (ADR) (BSAC).