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

Erste Group Bank AG (OTCMKTS:EBKDY) has received an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Oddo Bhf cut Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research report on Monday, November 24th.

Erste Group Bank Stock Down 3.3%

Shares of OTCMKTS:EBKDY opened at $56.36 on Tuesday. Erste Group Bank has a fifty-two week low of $29.50 and a fifty-two week high of $58.38. The company has a market cap of $46.27 billion, a PE ratio of 13.55, a P/E/G ratio of 0.92 and a beta of 0.86. The company’s 50-day moving average price is $51.91 and its 200 day moving average price is $47.90.

Erste Group Bank (OTCMKTS:EBKDY) last posted 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 during the quarter, compared to analysts’ expectations of $3.30 billion. As a group, equities analysts anticipate that Erste Group Bank will post 4.05 EPS 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.