Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Up - Time to Buy?

Key Points

• Raiffeisen Bank International shares gapped up before trading on Friday, opening at $8.63 compared to a previous close of $8.42, and last traded at $8.71.
• Barclays downgraded Raiffeisen Bank International from a "strong-buy" to a "hold" rating, with the stock currently holding a consensus rating of "Hold."
• The company reported a quarterly loss of ($0.50) EPS and had a revenue of $2.63 billion, alongside a negative net margin of 0.56% and a return on equity of 2.89%.

Raiffeisen Bank International AG (OTCMKTS:RAIFY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $8.42, but opened at $8.63. Raiffeisen Bank International shares last traded at $8.71, with a volume of 393 shares changing hands.

Analysts Set New Price Targets

Separately, Barclays downgraded Raiffeisen Bank International from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Raiffeisen Bank International Trading Up 3.4%

The company has a 50 day moving average price of $8.61 and a 200 day moving average price of $7.60. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 4.68 and a beta of 1.35.

Raiffeisen Bank International (OTCMKTS:RAIFY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported ($0.50) earnings per share (EPS) for the quarter. Raiffeisen Bank International had a negative net margin of 0.56% and a positive return on equity of 2.89%. The firm had revenue of $2.63 billion during the quarter.

About Raiffeisen Bank International

Raiffeisen Bank International AG, together with its subsidiaries, offers banking services to corporate, private customers, and institutional customers. The company offers cash management, cross border accounts, electronic banking, payments solutions, sustainable and subsidized financing, leveraged and acquisition financing, project and structured financing, real estate financing, leasing, factoring, trade and export financing, investment banking, investing, hedging, and investor services to its institutional clients and corporate customers in agri food and beverage, automotive, construction and building materials, food and beverage, healthcare and pharmaceuticals, oil and gas, packaging, real estate, retail, technology, telecom, and utilities industries.

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