Banco Santander and BBVA have been two of the great protagonists of the week at IBEX 35 after presenting their results in the first semester of the year. Once these accounts have been known, the analysis houses begin to adjust the valuations of the two great Spanish banks.
In the case of Banco Santander, the Barclays analysts have decided to raise the target price to 8.40 euros per sharefrom the previous 8.20 euros. The recommendation remains in ‘Overcoming’.
The new assessment is a Alcista potential of 11.46% in front of yesterday’s closure. Today the actions of the entity lower 1.23% in mid -morning to mark 7.44 euros. However, they accumulate a spectacular revaluation of 95.78% from its minimum of the last 52 weeks, located at 3.80 euros since August 5 last year.
The entity chaired by Ana Botín obtained a record benefit of 6,833 million euros in the first semester, 13% more than in the same period last year.
Today also Citigroup analysts have decided to raise the target price of BBVA to the 16 euros per actionfrom the previous 14 euros. The recommendation is to ‘overpone’.
With this improvement, the new assessment is a Alcista potential of 9.28% in front of yesterday’s closure. Today BBVA takes a respite and drops at mid -morning 0.20% to 14.61 euros after almost 8% was triggered yesterday. Its titles have risen 72.6% since its minimum of August last year (8,464 euros).
The Bank obtained a benefit of 5,447 million between January and June, 9% more than the previous year.