Erste Group Bank (OTCMKTS:EBKDY) Sets New 1-Year High – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDYGet Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $37.36 and last traded at $37.32, with a volume of 23125 shares trading hands. The stock had previously closed at $35.23.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EBKDY. Citigroup cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Friday, March 7th. Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research report on Friday, November 22nd. UBS Group cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Get Our Latest Research Report on Erste Group Bank

Erste Group Bank Stock Up 5.9 %

The firm has a 50-day moving average of $33.17 and a 200 day moving average of $29.73. The stock has a market capitalization of $30.64 billion, a P/E ratio of 9.24, a PEG ratio of 1.08 and a beta of 1.24.

Erste Group Bank Company Profile

(Get Free Report)

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.

Further Reading

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