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

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company.

Several equities analysts recently commented on the company. Zacks Research lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Finally, The Goldman Sachs Group raised shares of Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, July 8th.

Erste Group Bank Stock Performance

EBKDY stock opened at $65.20 on Wednesday. The company has a 50 day moving average price of $63.40 and a two-hundred day moving average price of $60.56. The stock has a market capitalization of $50.64 billion, a P/E ratio of 13.09, a PEG ratio of 0.65 and a beta of 0.84. Erste Group Bank has a one year low of $45.19 and a one year high of $68.28.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Research analysts forecast that Erste Group Bank will post 5.85 earnings per share for the current fiscal year.

About Erste Group Bank

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.