BSAC Crosses Above Average Analyst Target
October 21, 2016 at 09:46 AM EDT
In recent trading, shares of Banco Santander Chile (BSAC) have crossed above the average analyst 12-month target price of $21.19, changing hands for $21.23/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..