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

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company.

EBKDY has been the topic of a number of analyst 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Monday, August 4th. Finally, Zacks Research raised Erste Group Bank to a “hold” rating in a research report on Monday, August 11th.

Erste Group Bank Stock Down 0.3%

Shares of EBKDY opened at $47.90 on Monday. The business’s 50 day moving average price is $48.96 and its 200-day moving average price is $43.76. Erste Group Bank has a 52 week low of $26.21 and a 52 week high of $51.72. The stock has a market cap of $39.33 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.82 and a beta of 1.09.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Friday, August 1st. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. Erste Group Bank had a return on equity of 10.08% and a net margin of 16.96%.The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.18 billion. On average, equities analysts anticipate that Erste Group Bank will post 4.05 EPS for the current year.

Erste Group Bank Company Profile

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.