Scotiabank to buy BBVA Chile for $2.2bn

The firm now has a "neutral" rating on the stock.

Several other equities analysts also recently weighed in on BBVA. J P Morgan Chase & Co set a €8.85 ($10.54) price objective on Banco Bilbao Vizcaya Argentaria and gave the stock a "buy" rating in a research report on Thursday, November 16th. UBS set a €7.40 ($8.81) target price on Banco Bilbao Vizcaya Argentaria and gave the stock a neutral rating in a research report on Monday, July 24th.

Canada-based Scotiabank has agreed to purchase 68.19% stake in BBVA Chile from Banco Bilbao Vizcaya Argentaria (BBVA) for around $2.2bn. Deutsche Bank AG set a €6.90 ($7.75) target price on Banco Bilbao Vizcaya Argentaria and gave the stock a neutral rating in a report on Friday, April 21st. Finally, Goldman Sachs Group set a €7.50 ($8.93) price target on Banco Bilbao Vizcaya Argentaria and gave the stock a neutral rating in a report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of €7.27 ($8.66).

Banco Bilbao Vizcaya Argentaria Company Profile Banco Bilbao Vizcaya Argentaria, SA (BBVA) is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking.

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WARNING: This article was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online.

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