Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Up – Time to Buy?

Raiffeisen Bank International AG (OTCMKTS:RAIFY) gapped up prior to trading on Tuesday . The stock had previously closed at $12.44, but opened at $13.47. Raiffeisen Bank International shares last traded at $13.47, with a volume of 2,913 shares changing hands.

Analyst Upgrades and Downgrades

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

Raiffeisen Bank International Stock Performance

The stock’s fifty day simple moving average is $11.34 and its 200-day simple moving average is $9.64. The stock has a market cap of $17.41 billion, a P/E ratio of 18.63 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.