Erste Group Bank (OTCMKTS:EBKDY) Reaches New 52-Week High – Still a Buy?

Erste Group Bank AG (OTCMKTS:EBKDY)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $37.00 and last traded at $36.69, with a volume of 40435 shares trading hands. The stock had previously closed at $35.71.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EBKDY shares. Keefe, Bruyette & Woods raised shares of Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd. UBS Group cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th.

Erste Group Bank Trading Up 0.9 %

The stock’s fifty day moving average price is $32.66 and its 200 day moving average price is $29.41. The stock has a market cap of $30.40 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24.

Erste Group Bank Company Profile

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.