Erste Group Bank (OTCMKTS:EBKDY) Sets New 12-Month High – Here’s What Happened

Erste Group Bank AG (OTCMKTS:EBKDY) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $37.00 and last traded at $36.69, with a volume of 40435 shares trading hands. The stock had previously closed at $35.71.

Analysts Set New Price Targets

Several brokerages recently weighed in on EBKDY. UBS Group downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods upgraded shares of Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group raised shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th.

Erste Group Bank Stock Performance

The stock has a market cap of $30.40 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. The company’s 50 day simple moving average is $32.66 and its 200 day simple moving average is $29.41.

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.