CaixaBank (OTCMKTS:CAIXY) Shares Gap Up – Time to Buy?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $4.13, but opened at $4.38. CaixaBank shares last traded at $4.35, with a volume of 161,316 shares.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of CaixaBank in a research note on Thursday, December 4th. Royal Bank Of Canada restated a “sector perform” rating on shares of CaixaBank in a research report on Monday, November 3rd. Finally, Citigroup reissued a “buy” rating on shares of CaixaBank in a report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, CaixaBank has an average rating of “Hold”.

CaixaBank Stock Performance

The firm has a fifty day moving average price of $3.96 and a 200 day moving average price of $3.56.

CaixaBank Company Profile

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.