Erste Group Bank AG (OTCMKTS:EBKDY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have earned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company.

EBKDY has been the topic of several recent research reports. Oddo Bhf downgraded shares of Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research note on Tuesday, September 2nd. Zacks Research raised Erste Group Bank to a “hold” rating in a report on Monday, August 11th. Finally, Cfra Research upgraded Erste Group Bank to a “hold” rating in a research note on Tuesday, August 5th.

Erste Group Bank Stock Performance

Shares of EBKDY stock opened at $52.84 on Friday. Erste Group Bank has a fifty-two week low of $26.73 and a fifty-two week high of $54.55. The firm has a market capitalization of $43.39 billion, a PE ratio of 13.05, a P/E/G ratio of 0.83 and a beta of 1.08. The stock’s 50-day simple moving average is $49.81 and its 200-day simple moving average is $45.78.

Erste Group Bank (OTCMKTS:EBKDY) last issued its earnings results on Friday, October 31st. The financial services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.19. Erste Group Bank had a return on equity of 10.08% and a net margin of 16.96%.The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.30 billion. Sell-side analysts forecast that Erste Group Bank will post 4.05 earnings per share for the current year.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.