Raiffeisen Bank International (OTCMKTS:RAIFY) Hits New 1-Year High – Time to Buy?

Raiffeisen Bank International AG (OTCMKTS:RAIFY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.64 and last traded at $12.83, with a volume of 4632 shares trading hands. The stock had previously closed at $12.44.

Wall Street Analysts Forecast Growth

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

Raiffeisen Bank International Stock Performance

The company has a market cap of $17.72 billion, a P/E ratio of 18.97 and a beta of 1.10. The stock has a 50 day moving average price of $11.28 and a 200 day moving average price of $9.59.

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.