Erste Group Bank (OTCMKTS:EBKDY) Shares Gap Up – What’s Next?

Erste Group Bank AG (OTCMKTS:EBKDY) shares gapped up prior to trading on Friday . The stock had previously closed at $58.00, but opened at $60.86. Erste Group Bank shares last traded at $60.77, with a volume of 865 shares traded.

Analysts Set New Price Targets

EBKDY has been the topic of several recent research reports. Citigroup upgraded shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. Zacks Research downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Erste Group Bank currently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 5.1%

The stock’s 50 day moving average price is $57.95 and its 200-day moving average price is $56.13. The stock has a market capitalization of $47.49 billion, a PE ratio of 13.06, a PEG ratio of 0.62 and a beta of 0.89.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.