Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Up – What’s Next?

Raiffeisen Bank International AG (OTCMKTS:RAIFY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $8.42, but opened at $8.63. Raiffeisen Bank International shares last traded at $8.71, with a volume of 393 shares.

Analysts Set New Price Targets

Separately, Barclays downgraded shares of Raiffeisen Bank International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Raiffeisen Bank International currently has a consensus rating of “Hold”.

Raiffeisen Bank International Trading Up 3.4%

The company has a 50-day moving average of $8.61 and a 200-day moving average of $7.62. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 4.68 and a beta of 1.35.

Raiffeisen Bank International (OTCMKTS:RAIFY) last announced its earnings results on Wednesday, July 30th. The financial services provider reported ($0.50) earnings per share (EPS) for the quarter. Raiffeisen Bank International had a negative net margin of 0.56% and a positive return on equity of 2.89%. The business had revenue of $2.63 billion for the quarter.

About Raiffeisen Bank International

Raiffeisen Bank International AG, together with its subsidiaries, offers banking services to corporate, private customers, and institutional customers. The company offers cash management, cross border accounts, electronic banking, payments solutions, sustainable and subsidized financing, leveraged and acquisition financing, project and structured financing, real estate financing, leasing, factoring, trade and export financing, investment banking, investing, hedging, and investor services to its institutional clients and corporate customers in agri food and beverage, automotive, construction and building materials, food and beverage, healthcare and pharmaceuticals, oil and gas, packaging, real estate, retail, technology, telecom, and utilities industries.