Erste Group Bank (OTCMKTS:EBKDY) Reaches New 52-Week High – Time to Buy?

Erste Group Bank AG (OTCMKTS:EBKDY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $33.70 and last traded at $33.58, with a volume of 17881 shares trading hands. The stock had previously closed at $33.08.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. 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. The Goldman Sachs Group upgraded shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th.

Erste Group Bank Price Performance

The stock has a market cap of $27.57 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of 1.03 and a beta of 1.25. The company’s fifty day simple moving average is $30.83 and its two-hundred day simple moving average is $28.23.

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.