CaixaBank (OTCMKTS:CAIXY) Hits New 52-Week High - Time to Buy?

Key Points

• CaixaBank's stock has reached a new 12-month high of $3.10, with recent trading volume at 16,343 shares.
• Analyst ratings are mixed, with one sell rating, three hold ratings, and one buy rating, leading to an average rating of "Hold."
• CaixaBank offers a variety of banking and financial services both in Spain and internationally through several operational segments.

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $3.10 and last traded at $3.10, with a volume of 16343 shares traded. The stock had previously closed at $3.07.

Analysts Set New Price Targets

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

CaixaBank Trading Up 1.6%

The stock has a fifty day moving average price of $2.89 and a two-hundred day moving average price of $2.57.

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.