Analyst Price Target Update on Banco Santander Chile (NYSE:BSAC)

Banco Santander Chile (NYSE:BSAC): 4 analysts have set the short term price target of Banco Santander Chile (NYSE:BSAC) at $19.57. The standard deviation of short term price target has been estimated at $1.09, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 21 and $18 respectively.

Many analysts have stated their opinion on the company shares. Barclays maintains its view on Banco Santander Chile (NYSE:BSAC) according to the research report released by the firm to its investors. The shares have now been rated Equalweight by the stock experts at the ratings house. Barclays lowers the price target from $21 per share to $20.5 per share on Banco Santander Chile. The rating by the firm was issued on April 7, 2016. Company shares have received an average consensus rating of Hold for the current week

Banco Santander Chile (NYSE:BSAC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.49% at $18.45 with 836,698 shares getting traded. Post opening the session at $18.41, the shares hit an intraday low of $18.13 and an intraday high of $18.52 and the price was in this range throughout the day. The company has a market cap of $8,692 million and the number of outstanding shares have been calculated to be 471,115,250 shares. The 52-week high of Banco Santander Chile (NYSE:BSAC) is $21.17 and the 52-week low is $15.69.

Banco Santander-Chile is a Chilean bank. The Company provides commercial and retail banking services to its customers. Its 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. It divides its clients into four groups: Individuals and Small and mid-sized (SMEs), Companies and Institutions, Global Banking and Markets, and Corporate Activities (Other). The Company has operating segments within each group, such as Individuals and Small and mid-sized (SMEs) group includes the Santander Banefe, Commercial Banking and SMEs segment; Companies and Institutions group includes Middle Market, Real Estate, Large Corporations and Institutions segments, and the Global Banking and Markets group includes Corporate and Treasury segments.

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