Sabadell leans towards initiating takeover talks with BBVA - report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 03 2024
0mins
Source: SeekingAlpha
- Banco de Sabadell Considering Takeover: Banco de Sabadell is contemplating discussions about potentially taking over Banco Bilbao Vizcaya Argentaria.
- Market Reaction: Sabadell shares dropped 5.3%, while BBVA gained 1.5% in afternoon trading following the news.
- Interest Confirmed: BBVA has expressed interest in negotiations and hired advisers for a potential all-stock merger.
- Ownership Share Proposal: The proposed deal would grant Sabadell shareholders a 16% ownership stake in the combined entity.
- Decision Pending: Sabadell has not made a formal decision on how to proceed with negotiations but is expected to deliberate over the weekend and possibly convene a board meeting next week.
Analyst Views on BBVA
Wall Street analysts forecast BBVA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BBVA is 23.00 USD with a low forecast of 23.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 25.020
Low
23.00
Averages
23.00
High
23.00
Current: 25.020
Low
23.00
Averages
23.00
High
23.00
About BBVA
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a Spain - based bank. It is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments are: Spain, the United States, Turkey, Mexico, South America and Rest of Eurasia. The activities in Spain are banking activity and Insurance. In the United States it offers services through, BBVA USA and the BBVA New York branch. The Turkey segment is represented by the group Garanti BBVA, an integrated financial services group, that also operate in Holland and Romania. The Mexico segment activities include banking and insurance businesses. In South America, it provides banking and insurance businesses. The Rest of Eurasia segment includes business activity in the rest of Europe and Asia
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
