Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Down – Here’s What Happened

Shares of Raiffeisen Bank International AG (OTCMKTS:RAIFY) gapped down before the market opened on Monday . The stock had previously closed at $12.8475, but opened at $11.51. Raiffeisen Bank International shares last traded at $12.00, with a volume of 305 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Raiffeisen Bank International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Raiffeisen Bank International Trading Down 4.2%

The business has a 50-day moving average of $11.85 and a 200 day moving average of $10.12. The firm has a market capitalization of $15.78 billion, a P/E ratio of 16.89 and a beta of 1.10.

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.