Erste Group Bank (OTCMKTS:EBKDY) Hits New 1-Year High – Time to Buy?

by · The Cerbat Gem

Erste Group Bank AG (OTCMKTS:EBKDY – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $57.1060 and last traded at $57.0250, with a volume of 5494 shares changing hands. The stock had previously closed at $55.75.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EBKDY shares. Oddo Bhf downgraded shares of Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th. Finally, Barclays upgraded Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on EBKDY

Erste Group Bank Stock Up 1.3%

The business’s 50 day simple moving average is $51.81 and its two-hundred day simple moving average is $47.73. The stock has a market cap of $47.86 billion, a P/E ratio of 14.01, a PEG ratio of 0.94 and a beta of 0.86.

Erste Group Bank (OTCMKTS:EBKDY – Get Free Report) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.19. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%.The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.30 billion. As a group, research analysts forecast that Erste Group Bank AG will post 4.05 earnings per share for the current fiscal year.

About Erste Group Bank

(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.

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