Erste Group Bank (OTCMKTS:EBKDY) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $34.71 and traded as high as $34.89. Erste Group Bank shares last traded at $34.66, with a volume of 65,887 shares.

Analysts Set New Price Targets

EBKDY has been the topic of a number of research analyst reports. UBS Group lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 4th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Friday, March 7th. Finally, Citigroup downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 10th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Erste Group Bank has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Performance

The firm has a market cap of $28.78 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 1.08 and a beta of 0.95. The business’s 50-day moving average is $34.76 and its 200-day moving average is $31.02.

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.