CaixaBank (OTCMKTS:CAIXY) Sets New 1-Year High – What’s Next?

Shares of CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $2.94 and last traded at $2.94, with a volume of 35941 shares changing hands. The stock had previously closed at $2.88.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of CaixaBank in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of CaixaBank in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

CaixaBank Trading Up 2.4%

The company’s fifty day moving average price is $2.77 and its 200-day moving average price is $2.41.

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.