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

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company.

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

Erste Group Bank Price Performance

Shares of Erste Group Bank stock opened at $50.74 on Friday. Erste Group Bank has a 1 year low of $26.73 and a 1 year high of $54.55. The business has a 50 day moving average price of $49.91 and a 200 day moving average price of $46.03. The company has a market capitalization of $41.66 billion, a P/E ratio of 12.53, a P/E/G ratio of 0.83 and a beta of 1.08.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly 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 company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.30 billion. As a group, research analysts expect that Erste Group Bank will post 4.05 EPS 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.