CaixaBank, S.A. (OTCMKTS:CAIXY) Receives $3.46 Average PT from Brokerages

Shares of CaixaBank, S.A. (OTCMKTS:CAIXYGet Rating) have been assigned an average rating of “Buy” from the eleven analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $3.66.

A number of research analysts have issued reports on the stock. Citigroup raised shares of CaixaBank from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 8th. UBS Group raised shares of CaixaBank from a “neutral” rating to a “buy” rating in a research note on Friday, February 18th. Oddo Bhf lowered shares of CaixaBank from an “outperform” rating to a “neutral” rating and set a €3.40 ($3.62) target price for the company. in a research note on Friday, March 25th. Morgan Stanley upped their price target on shares of CaixaBank from €3.40 ($3.62) to €4.20 ($4.47) and gave the stock an “overweight” rating in a research note on Tuesday, February 15th. Finally, Credit Suisse Group raised shares of CaixaBank from a “neutral” rating to an “outperform” rating in a research note on Friday, April 1st.

Shares of OTCMKTS:CAIXY traded up $0.05 during trading on Thursday, reaching $1.14. 731,835 shares of the company’s stock traded hands, compared to its average volume of 684,283. CaixaBank has a 12 month low of $0.79 and a 12 month high of $1.28. The company has a 50 day moving average of $1.07 and a 200-day moving average of $1.02.

The firm also recently announced a dividend, which was paid on Thursday, May 5th. Investors of record on Tuesday, April 19th were paid a dividend of $0.0379 per share. The ex-dividend date of this dividend was Monday, April 18th. This is a positive change from CaixaBank’s previous dividend of $0.01. This represents a yield of 4.04%.

CaixaBank Company Profile (Get Rating)

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.

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Analyst Recommendations for CaixaBank (OTCMKTS:CAIXY)

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