CaixaBank (OTCMKTS:CAIXY) Shares Gap Up – Still a Buy?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) gapped up before the market opened on Monday . The stock had previously closed at $4.15, but opened at $4.32. CaixaBank shares last traded at $4.31, with a volume of 113,011 shares.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of CaixaBank in a report on Monday, February 2nd. Citigroup reiterated a “buy” rating on shares of CaixaBank in a research report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of CaixaBank from a “sell” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

CaixaBank Price Performance

The business has a fifty day simple moving average of $4.13 and a 200-day simple moving average of $3.71.

About CaixaBank

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.