Brokerages Set Erste Group Bank AG (OTCMKTS:EBKDY) Target Price at $44.50

Erste Group Bank AG (OTCMKTS:EBKDY – Get Rating) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $44.50.

A number of brokerages have commented on EBKDY. Zacks Investment Research lowered shares of Erste Group Bank from a “hold” rating to a “sell” rating in a report on Tuesday, April 5th. Morgan Stanley increased their price objective on shares of Erste Group Bank from €50.00 ($53.76) to €53.00 ($56.99) in a report on Tuesday, February 15th. JPMorgan Chase & Co. reduced their target price on shares of Erste Group Bank from €48.00 ($51.61) to €36.00 ($38.71) in a research note on Monday, March 14th. UBS Group raised their target price on shares of Erste Group Bank from €42.00 ($45.16) to €45.00 ($48.39) in a research note on Friday, February 18th. Finally, Societe Generale reduced their target price on shares of Erste Group Bank from €48.00 ($51.61) to €47.00 ($50.54) and set a “buy” rating on the stock in a research note on Tuesday, March 1st.

Shares of OTCMKTS:EBKDY opened at $15.37 on Friday. Erste Group Bank has a 12 month low of $13.16 and a 12 month high of $25.97. The company’s 50-day moving average price is $17.36 and its two-hundred day moving average price is $21.17. The firm has a market cap of $13.21 billion, a P/E ratio of 6.03 and a beta of 1.43.

Erste Group Bank (OTCMKTS:EBKDY – Get Rating) last issued its quarterly earnings data on Monday, February 28th. The financial services provider reported $0.53 EPS for the quarter. Erste Group Bank had a net margin of 21.26% and a return on equity of 8.15%. The firm had revenue of $2.23 billion for the quarter. As a group, analysts expect that Erste Group Bank will post 2.21 EPS for the current year.

Erste Group Bank Company Profile (Get Rating)

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, real estate, and public sector customers in Austria, Central and Eastern Europe, and internationally. It operates through Retail, Corporates, Group Markets, Asset/Liability Management and Local Corporate Center, Savings Banks, and Group Corporate Center segments.

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