Raiffeisen Bank International (OTCMKTS:RAIFY) Stock Price Up 11.4% - Should You Buy?

Key Points

• Shares jumped 11.4% to $12.00 on Wednesday, though trading was extremely thin (about 363 shares, roughly a 97% decline from the average daily volume of 10,567).
• UBS upgraded Raiffeisen Bank International from "hold" to strong-buy on Feb. 3, and the stock carries a consensus rating of "Buy" (one Strong Buy, one Hold).
• Recent quarter showed $0.37 EPS on $2.63 billion revenue; the firm has a market cap of $15.67 billion, a P/E of 11.03, and 50‑/200‑day moving averages of $11.76 and $10.57 respectively.

Raiffeisen Bank International AG (OTCMKTS:RAIFY - Get Free Report) shares rose 11.4% on Wednesday . The stock traded as high as $12.00 and last traded at $12.00. Approximately 363 shares traded hands during trading, a decline of 97% from the average daily volume of 10,567 shares. The stock had previously closed at $10.77.

Wall Street Analyst Weigh In

Separately, UBS Group raised Raiffeisen Bank International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy".

Raiffeisen Bank International Stock Up 10.6%

The company has a 50-day moving average price of $11.76 and a 200 day moving average price of $10.57. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 11.03 and a beta of 1.14.

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

About Raiffeisen Bank International

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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