CaixaBank (OTCMKTS:CAIXY) Sets New 12-Month High - Here's Why

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $2.98 and last traded at $2.98, with a volume of 636 shares changing hands. The stock had previously closed at $2.93.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CAIXY shares. Citigroup reissued a "buy" rating on shares of CaixaBank in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of CaixaBank in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, CaixaBank has a consensus rating of "Hold".

CaixaBank Stock Up 3.1%

The stock has a 50 day simple moving average of $2.80 and a 200-day simple moving average of $2.43.

CaixaBank Company Profile

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.