In full BBVA OPA On Banco Sabadell, analysis firms raise the target price of the second entity. And with the update of the Keefe investment bank, Bruyette & Woods (KBW), there are already three experts who believe that the evolution of the business of this Ibex 35 bank justifies that the action of the same Cotice in the coming months in the 3 euros. Even above.
The closure of the fourth quarter of 2024 confirmed to the market that the evolution of the benefit of Banco Sabadell and the guides for next exercises motivate greater valuations. Beyond the results recently presented, from the entity itself defend that the margins of interest will grow in a high digit By 2025, while total costs will descend by 3% for the same year.
“We improve our benefit estimates per action for Sabadell between 2025 (in 12.7%) and until 2027 (in 21.5%) basically because we assume a greater margin of interest And lower operating expenses, “said KBW analyst Hugo Cruz, while raising his target price at 15%, to those 3 euros.
In that same assessment is JB Capital, which updated its target price last week. On the other hand, it is Alphavalue that most traveled ahead gives Sabadell today with a potential of more than 30%. The firm’s analyst, David Grinsztajn, unchecks the rest with an objective price at 3.39 euros.
However, the assessment of the market consensus collected by Bloomberg is below those 3 euros. The 21 analysis firms that the data aggregator meets reflect an average price of 2.54 euros. That is, Banco Sabadell is currently quoted above that target price, so it does not present any potential. While it is true that the price established by the analysis signatures pursue the entity’s actions in the rise that accumulate in the year, as many are waiting for the CNMV is pronounced in the operation which also implies BBVA to update its valuations and recommendations.
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