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Banco de Sabadell ( (ES:SAB) ) just unveiled an update.
Banco de Sabadell has announced the completion of a capital reduction by canceling treasury shares acquired under its Buyback Program, following approval from the European Central Bank. This move reduces the bank’s share capital by approximately 1.85%, aligning with strategic financial management and enhancing shareholder value without affecting creditors or requiring bondholder consent.
The most recent analyst rating on (ES:SAB) stock is a Hold with a EUR2.70 price target. To see the full list of analyst forecasts on Banco de Sabadell stock, see the ES:SAB Stock Forecast page.
More about Banco de Sabadell
Banco de Sabadell is a prominent financial institution operating in the banking industry, offering a range of financial services including retail banking, corporate banking, and investment services. It focuses on providing comprehensive banking solutions to individuals, businesses, and institutions, with a significant presence in the Spanish market.
Average Trading Volume: 18,507,008
Technical Sentiment Signal: Buy
Current Market Cap: €14.98B
See more data about SAB stock on TipRanks’ Stock Analysis page.