Erste Group Bank (OTCMKTS:EBKDY) Stock Passes Above 50-Day Moving Average of $12.15

Erste Group Bank AG (OTCMKTS:EBKDYGet Rating) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.15 and traded as high as $12.53. Erste Group Bank shares last traded at $12.18, with a volume of 42,682 shares traded.

Analyst Upgrades and Downgrades

EBKDY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Erste Group Bank from €44.00 ($44.90) to €38.00 ($38.78) and set a “buy” rating for the company in a research note on Tuesday, July 26th. JPMorgan Chase & Co. decreased their price objective on shares of Erste Group Bank from €38.00 ($38.78) to €34.00 ($34.69) in a research note on Wednesday, September 7th. Finally, Morgan Stanley reduced their target price on shares of Erste Group Bank from €34.00 ($34.69) to €32.00 ($32.65) in a research report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

Erste Group Bank Price Performance

The company has a market capitalization of $10.47 billion, a PE ratio of 4.97 and a beta of 1.41. The company’s fifty day moving average is $12.15 and its 200-day moving average is $14.46.

Erste Group Bank (OTCMKTS:EBKDYGet Rating) last issued its quarterly earnings data on Monday, August 1st. The financial services provider reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $1.69 billion for the quarter. Erste Group Bank had a net margin of 20.35% and a return on equity of 8.16%. Equities research analysts forecast that Erste Group Bank AG will post 2.39 EPS for the current fiscal 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. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments.

See Also

Receive News & Ratings for Erste Group Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Erste Group Bank and related companies with's FREE daily email newsletter.