CaixaBank, S.A. (OTCMKTS:CAIXY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of CaixaBank, S.A. (OTCMKTS:CAIXY – Get Rating) have received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.03.

CAIXY has been the topic of several recent research reports. UBS Group dropped their target price on shares of CaixaBank from €4.45 ($4.78) to €4.35 ($4.68) and set a “buy” rating on the stock in a report on Wednesday, December 14th. Keefe, Bruyette & Woods upgraded shares of CaixaBank from a “market perform” rating to an “outperform” rating in a report on Monday, February 6th. Credit Suisse Group cut shares of CaixaBank from an “outperform” rating to a “neutral” rating in a report on Friday, December 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of CaixaBank from €3.50 ($3.76) to €3.90 ($4.19) in a report on Monday, December 5th.

CaixaBank Price Performance

Shares of CAIXY opened at $1.33 on Wednesday. CaixaBank has a twelve month low of $0.82 and a twelve month high of $1.47. The company’s fifty day simple moving average is $1.38 and its 200-day simple moving average is $1.20.

About CaixaBank

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CaixaBank SA is an integrated financial group, which provides banking and insurance services. The firm offers banking business, insurance, pension and investment fund activities, as well as holdings in international banks. It operates through the following segments: Banking & Insurance, Equity Investments, and BPI.