Banco de Sabadell, S.A. (OTCMKTS:BNDSF) Given Consensus Rating of “Hold” by Brokerages

Banco de Sabadell, S.A. (OTCMKTS:BNDSF – Get Rating) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $0.78.

A number of equities research analysts recently weighed in on the company. HSBC upgraded Banco de Sabadell from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $0.85 to $0.70 in a research note on Monday, January 17th. Jefferies Financial Group raised shares of Banco de Sabadell from a “hold” rating to a “buy” rating in a research report on Monday, March 21st. UBS Group upgraded shares of Banco de Sabadell from a “neutral” rating to a “buy” rating in a research note on Friday, February 18th. JPMorgan Chase & Co. lowered their target price on shares of Banco de Sabadell from €1.00 ($1.05) to €0.90 ($0.95) in a research note on Monday, March 14th. Finally, Morgan Stanley raised Banco de Sabadell from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, February 15th.

Banco de Sabadell stock opened at $0.76 on Wednesday. Banco de Sabadell has a twelve month low of $0.56 and a twelve month high of $1.09. The business has a fifty day moving average of $0.78 and a two-hundred day moving average of $0.77.

About Banco de Sabadell (Get Rating)

Banco de Sabadell, SA provides banking products and services to personal, business, and private customers in Spain and internationally. The company offers retail banking products, such as current and savings accounts, personal loans, cards, and mortgages. It also provides financial products and services to large and medium enterprises, SMEs, shops and self-employed workers, private individuals, and professionals; and consumer finance, asset management, and bancassurance services.

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