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

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company.

A number of research analysts have commented on EBKDY shares. Zacks Research raised shares of Erste Group Bank to a “hold” rating in a research report on Monday, August 11th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research note on Tuesday, September 2nd. Cfra Research raised shares of Erste Group Bank to a “hold” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. Finally, Oddo Bhf downgraded Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th.

Erste Group Bank Price Performance

Erste Group Bank stock opened at $53.47 on Friday. The stock has a market cap of $43.90 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. Erste Group Bank has a 1 year low of $26.73 and a 1 year high of $54.55. The firm has a 50-day moving average of $49.70 and a two-hundred day moving average of $45.50.

Erste Group Bank (OTCMKTS:EBKDY) last issued its earnings results on Friday, October 31st. The financial services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.19. Erste Group Bank had a return on equity of 10.08% and a net margin of 16.96%.The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.30 billion. Research analysts expect that Erste Group Bank will post 4.05 earnings per share for the current year.

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.