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

Erste Group Bank AG (OTCMKTS:EBKDY) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

EBKDY has been the topic of several research reports. Cfra Research raised Erste Group Bank to a “hold” rating in a research report on Tuesday, August 5th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Tuesday, September 2nd. Zacks Research raised Erste Group Bank to a “hold” rating in a research report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research report on Monday, August 4th.

Erste Group Bank Trading Up 2.4%

Erste Group Bank stock opened at $50.28 on Thursday. The stock has a market cap of $41.28 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 0.87 and a beta of 1.09. The stock has a 50 day moving average of $48.56 and a 200-day moving average of $42.13. Erste Group Bank has a 52 week low of $26.15 and a 52 week high of $51.72.

Erste Group Bank (OTCMKTS:EBKDY) last released its earnings results on Friday, August 1st. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.05 by $0.15. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Erste Group Bank had a return on equity of 10.08% and a net margin of 16.96%. As a group, equities analysts predict that Erste Group Bank will post 4.05 earnings per share for the current fiscal 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.