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

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) shares reached a new 52-week high on Tuesday . The company traded as high as $4.28 and last traded at $4.27, with a volume of 5193 shares traded. The stock had previously closed at $4.21.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CAIXY shares. Citigroup reissued a “buy” rating on shares of CaixaBank in a research note on Thursday, January 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of CaixaBank in a research note on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of CaixaBank in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

CaixaBank Stock Down 1.4%

The company’s 50 day moving average is $3.95 and its 200 day moving average is $3.55.

CaixaBank Company Profile

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.