Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Receives Price Target

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $11 and the lowest price target forecast is $9. The average forecast of all the analysts is $10 and the expected standard deviation is $1.41.

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) : The consensus on Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) based on 4 analyst recommendation on the company stock is 3.13, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX).

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Also, JP Morgan downgrades its rating on Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX). Analysts at the JP Morgan have a current rating of Neutral on the shares. The shares were previously rated Overweight. The rating by the firm was issued on August 4, 2016.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX): The stock opened at $9.58 on Thursday but the bulls could not build on the opening and the stock topped out at $9.63 for the day. The stock traded down to $9.45 during the day, due to lack of any buying support eventually closed down at $9.56 with a loss of -0.10% for the day. The stock had closed at $9.57 on the previous day. The total traded volume was 1,579,926 shares.

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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