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

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) : 1 brokerage houses believe that Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) : 3 Wall Street analysts covering Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) believe that the average level the stock could reach for the short term is $10. The maximum price target given is $11 and the minimum target for short term is around $9, hence the standard deviation is calculated at $1.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.17 and $9.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.23, notching a gain of 1.21% for the day. The total traded volume was 1,282,155 . The stock had closed at $9.12 on the previous day.

Also, Brokerage firm Barclays upgrades its rating on Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX). The shares have been rated Equal-weight. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on June 22, 2016. The company shares have rallied 1.67% from its 1 Year high price. On Nov 20, 2015, the shares registered one year high at $10.05 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $8.93 and the 200 Day Moving Average price is recorded at $8.48.

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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