Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Up – Here’s Why

Raiffeisen Bank International AG (OTCMKTS:RAIFYGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $9.30, but opened at $9.70. Raiffeisen Bank International shares last traded at $9.70, with a volume of 155 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Barclays cut Raiffeisen Bank International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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Raiffeisen Bank International Trading Down 4.3%

The company has a market cap of $12.26 billion, a PE ratio of 13.13 and a beta of 1.34. The stock has a 50 day moving average price of $8.73 and a 200 day moving average price of $8.03.

Raiffeisen Bank International (OTCMKTS:RAIFYGet Free Report) last released its earnings results on Thursday, October 30th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. Raiffeisen Bank International had a negative net margin of 0.56% and a positive return on equity of 2.89%. The company had revenue of $2.63 billion during the quarter.

About Raiffeisen Bank International

(Get Free Report)

Raiffeisen Bank International AG, together with its subsidiaries, offers banking services to corporate, private customers, and institutional customers. The company offers cash management, cross border accounts, electronic banking, payments solutions, sustainable and subsidized financing, leveraged and acquisition financing, project and structured financing, real estate financing, leasing, factoring, trade and export financing, investment banking, investing, hedging, and investor services to its institutional clients and corporate customers in agri food and beverage, automotive, construction and building materials, food and beverage, healthcare and pharmaceuticals, oil and gas, packaging, real estate, retail, technology, telecom, and utilities industries.

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