Banco Santander (SAN) Shares Soar 2.75% on Polish Unit Sale Talks

Generated by AI AgentAinvest Movers Radar
Monday, Apr 28, 2025 6:30 pm ET1min read

Banco

(SAN) shares surged 2.75% intraday, reaching their highest level since January 2018, marking a fifth consecutive day of gains and a 11.04% increase over the past five days.

Banco Santander is currently in discussions to sell a 49% stake in its Polish unit, Santander Bank Polska, to Erste Group Bank. This potential sale has garnered interest from multiple parties, signaling strategic shifts in Santander’s operations within Poland. The negotiations and analyst projections are key factors that could influence Banco Santander’s stock price in the near term.

Analysts have projected a potential downside to the current stock price based on average target price estimates. GuruFocus suggests a significant potential downside from the current price, considering historical trading multiples and future business estimates. These projections highlight the market's cautious outlook on Banco Santander’s future performance, despite recent gains.

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