CaixaBank (OTCMKTS:CAIXY) Shares Gap Down – Time to Sell?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) shares gapped down before the market opened on Tuesday. The stock had previously closed at $5.02, but opened at $4.79. CaixaBank shares last traded at $4.78, with a volume of 23,970 shares changing hands.

Analysts Set New Price Targets

CAIXY has been the topic of several research analyst reports. Citigroup reissued a “buy” rating on shares of CaixaBank in a research report on Thursday, July 9th. UBS Group raised CaixaBank from a “hold” rating to a “buy” rating in a research report on Wednesday, September 23rd. Keefe, Bruyette & Woods lowered CaixaBank from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of CaixaBank in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

CaixaBank Stock Performance

The stock’s 50-day moving average price is $4.97 and its two-hundred day moving average price is $4.53.

About CaixaBank

CaixaBank, SA is a Spanish financial services group headquartered in Valencia, Spain. The company provides banking and financial products to individuals, businesses, and institutions, with activities spanning retail banking, corporate and investment banking, payments, insurance, asset management, and consumer finance.

Its retail operations offer deposit accounts, mortgages, personal loans, credit cards, payment services, and digital banking solutions. CaixaBank also serves companies and public-sector organizations through lending, cash management, treasury, trade finance, and advisory services.