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

Raiffeisen Bank International AG (OTCMKTS:RAIFY) shares gapped up prior to trading on Thursday . The stock had previously closed at $11.40, but opened at $12.32. Raiffeisen Bank International shares last traded at $11.29, with a volume of 41,871 shares trading hands.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Raiffeisen Bank International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Raiffeisen Bank International Price Performance

The firm has a market capitalization of $14.57 billion, a PE ratio of 10.25 and a beta of 1.10. The business’s 50-day moving average price is $11.87 and its 200-day moving average price is $10.16.

Raiffeisen Bank International (OTCMKTS:RAIFY) last announced its earnings results on Monday, March 2nd. The financial services provider reported $0.37 EPS for the quarter. Raiffeisen Bank International had a net margin of 10.91% and a return on equity of 6.19%. The business had revenue of $2.63 billion during the quarter.

About Raiffeisen Bank International

Raiffeisen Bank International AG (RBI) is an Austrian banking group headquartered in Vienna, offering a diverse range of financial services. As a universal bank, RBI serves retail customers, small and medium-sized enterprises, and large corporates, with a particular focus on Central and Eastern Europe. The bank’s service portfolio encompasses everyday banking products, payment solutions, and digital services for individual clients, as well as cash management, trade finance, and structured lending for corporate and institutional customers.

In addition to traditional banking, RBI provides investment banking and capital markets services, including underwriting, debt and equity issuance, and advisory services.