CaixaBank (OTCMKTS:CAIXY) Hits New 12-Month High – What’s Next?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) reached a new 52-week high on Wednesday . The stock traded as high as $3.90 and last traded at $3.90, with a volume of 307879 shares trading hands. The stock had previously closed at $3.79.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CAIXY shares. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of CaixaBank in a research report on Thursday, December 4th. The Goldman Sachs Group raised CaixaBank from a “sell” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of CaixaBank in a research report on Monday, November 3rd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

CaixaBank Stock Performance

The business’s 50 day simple moving average is $3.54 and its 200 day simple moving average is $3.25.

CaixaBank Company Profile

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.