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

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have been given an average recommendation of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.

A number of brokerages have recently weighed in on EBKDY. UBS Group downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd. The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Friday, March 7th. Finally, Citigroup downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, March 10th.

Erste Group Bank Price Performance

Shares of EBKDY opened at $37.32 on Wednesday. The company has a market capitalization of $30.64 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 1.08 and a beta of 1.24. Erste Group Bank has a fifty-two week low of $20.93 and a fifty-two week high of $37.36. The business’s 50-day moving average is $33.17 and its 200-day moving average is $29.74.

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.