Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Down - Here's What Happened

Key Points

• Gapped down: Raiffeisen Bank International opened at $11.1450 after a prior close of $11.56 and last traded at $11.0175 on light volume (818 shares), reflecting a pre-market drop.
• UBS upgraded the stock from "hold" to "strong-buy," and the consensus rating is currently "Buy" (one Strong Buy, one Hold).
• Fundamentals: RBI has a $14.79 billion market cap and a 10.41 P/E, and it reported Q results of $0.37 EPS on $2.63 billion revenue with a 10.91% net margin.

Raiffeisen Bank International AG (OTCMKTS:RAIFY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $11.56, but opened at $11.1450. Raiffeisen Bank International shares last traded at $11.0175, with a volume of 818 shares traded.

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 equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Raiffeisen Bank International currently has a consensus rating of "Buy".

Raiffeisen Bank International Stock Performance

The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 10.41 and a beta of 1.14. The business's 50-day simple moving average is $11.80 and its 200-day simple moving average is $10.55.

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

Raiffeisen Bank International Company Profile

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.

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