Banco Santander stock: Jefferies cuts Santander to Hold at EUR 13.00 for Banco Santander stock
Published on 10/21/2026 at 16:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Jefferies set a EUR 13.00 target and downgraded Banco Santander to Hold on October 20, 2026.
- Santander will publish nine-month 2026 results on October 28, 2026.
- Banco Santander stock costs EUR 11.93 at Lang & Schwarz on October 21, 2026 at 4:39 p.m. CEST, 1.71 percent above the Xetra close of October 20, 2026.
- Underlying profit reached EUR 7.3 billion in the first half of 2026, up 15.00 percent year over year.
Banco Santander (ISIN ES0113900J37) was downgraded to Hold by Jefferies on October 20, 2026, which set a EUR 13.00 price target, according to Markets Insider. Banco Santander stock was trading at EUR 11.93 at Lang & Schwarz on October 21, 2026 at 4:39 p.m. CEST, up 1.71 percent versus the Xetra close of October 20, 2026 at EUR 11.73.
Jefferies sets a measured target
The EUR 13.00 target stands 8.97 percent above the Lang & Schwarz price. Jefferies' Hold rating therefore leaves the stock below the analyst valuation while the quote remains 9.07 percent below its 52-week high of EUR 13.12, cited in the same Markets Insider report.
The rating change came shortly before Santander's next scheduled results. That timing makes the October report the next concrete test for the bank's earnings trajectory, rather than a new corporate transaction.
Profit reached EUR 7.3 billion
Banco Santander reported underlying profit of EUR 7.3 billion for the first half of 2026, a 15.00 percent year-over-year increase. Underlying return on tangible equity was 15.6 percent, while the common equity tier one ratio stood at 14.0 percent as of June 2026, according to Banco Santander.
The same investor-relations page lists an efficiency ratio of 42.8 percent for the first half of 2026 and underlying earnings per share growth of 20.00 percent year over year. These figures give the October results a clear comparison point.
Which dates matter next?
Banco Santander lists October 28, 2026 for its nine-month 2026 financial results and November 2, 2026 for payment of the interim cash dividend. October 28 is also the last day to trade shares with entitlement to the dividend.
Comparison with peers
Banco Santander trades at EUR 11.93 in the Lang & Schwarz quote, with a 52-week range of EUR 8.31 to EUR 13.12. Banco Bilbao Vizcaya Argentaria traded at USD 25.80 with a market capitalization of USD 143.1 billion, while BNP Paribas traded at EUR 86.74 with a market capitalization of EUR 95.1 billion on October 21, 2026.
Stock stays below its yearly high
The current euro quote is 1.71 percent above the Xetra close of October 20, 2026. The 9.07 percent gap to the 52-week high leaves the upcoming results and dividend date as the next measurable reference points. The further course of trading is shown by the continuously updated real-time quote of Banco Santander stock.
Banco Santander stock data
- Company: Banco Santander, S.A.
- ISIN: ES0113900J37
- Ticker: SAN
- Primary exchange: BME Madrid
- Price Lang & Schwarz (as of October 21, 2026, 4:39 p.m. CEST): EUR 11.93
- Change versus Xetra close: plus 1.71 percent
- Xetra close (October 20, 2026): EUR 11.73
- 52-week range: EUR 8.31-13.12
- Sector / Industry: Financial Services / Banks - Diversified
Market context: Market report IBEX 35.
