Brokerage Firm Rating on Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX)

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) : Zacks Investment Research ranks Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) as 4, which is a Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.9, which indicates as a Hold.

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) : The highest level Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) is projected to reach is $11 for the short term and the lowest estimate is at $9. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $10 and the possibility the share price can swing is $1.

Grupo

Company shares have received an average consensus rating of Hold for the current week Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.68 and $9.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.85, notching a gain of 2.28% for the day. The total traded volume was 1,817,598 . The stock had closed at $9.63 on the previous day.

Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The Company offers its services to both, individual and corporate clients. The Company owns such principal subsidiaries as Banco Santander (Mexico) SA, Casa de Bolsa Santander SA de CV and Zurich Santander Seguros Mexico S.A.

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