CaixaBank (OTCMKTS:CAIXY) Reaches New 52-Week High - Should You Buy?

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

Analysts Set New Price Targets

Several analysts have recently issued reports on CAIXY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of CaixaBank in a report on Thursday, May 22nd. Citigroup restated a "buy" rating on shares of CaixaBank in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

CaixaBank Stock Down 0.8%

The firm has a 50 day moving average price of $2.81 and a 200-day moving average price of $2.45.

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.