Erste Group Bank AG (OTCMKTS:EBKDY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several research analysts have commented on EBKDY shares. Citigroup cut shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, March 10th. Keefe, Bruyette & Woods upgraded shares of Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research note on Friday, November 22nd. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a report on Friday, March 7th. UBS Group downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th.

Erste Group Bank Stock Performance

Shares of Erste Group Bank stock opened at $37.32 on Wednesday. The business has a 50-day simple moving average of $33.17 and a 200-day simple moving average of $29.71. Erste Group Bank has a one year low of $20.93 and a one year high of $37.36. The company has a market cap of $30.64 billion, a PE ratio of 9.24, a P/E/G ratio of 1.08 and a beta of 1.24.

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.