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

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have earned a consensus recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company.

EBKDY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Oddo Bhf raised shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, August 6th. The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Zacks Research raised shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th.

Erste Group Bank Stock Up 2.4%

Shares of EBKDY stock opened at $71.66 on Friday. The business has a 50-day moving average price of $67.07 and a two-hundred day moving average price of $61.40. Erste Group Bank has a 12-month low of $46.84 and a 12-month high of $71.91. The firm has a market cap of $55.66 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 0.70 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.43 by $0.01. The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.48 billion. Erste Group Bank had a return on equity of 11.32% and a net margin of 18.39%. As a group, research analysts expect that Erste Group Bank will post 5.91 EPS for the current fiscal year.

Erste Group Bank Company Profile

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.