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

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) : Zacks Investment Research ranks Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.5, which indicates as a Buy.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) stock is expected to deviate a maximum of $1 from the average target price of $10 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $11 and the most muted being $9.

Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Barclays upgrades its ratings on Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX). According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on June 22, 2016.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX): stock turned positive on Tuesday. Though the stock opened at $8.35, the bulls momentum made the stock top out at $8.51 level for the day. The stock recorded a low of $8.29 and closed the trading day at $8.48, in the green by 3.92%. The total traded volume for the day was 987,741. The stock had closed at $8.16 in the previous days trading.

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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