CaixaBank (OTCMKTS:CAIXY) Reaches New 52-Week High – What’s Next?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $4.2365 and last traded at $4.1150, with a volume of 131936 shares changing hands. The stock had previously closed at $4.00.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CAIXY shares. The Goldman Sachs Group raised shares of CaixaBank from a “sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of CaixaBank in a report on Thursday, December 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of CaixaBank in a research note on Monday, November 3rd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

CaixaBank Stock Up 4.7%

The company’s 50 day moving average is $3.64 and its 200 day moving average is $3.33.

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.