Erste Group Bank (OTCMKTS:EBKDY) Sets New 1-Year High – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDY)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $37.36 and last traded at $37.32, with a volume of 23125 shares traded. The stock had previously closed at $35.23.

Analysts Set New Price Targets

A number of equities analysts recently commented on EBKDY shares. Citigroup downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, March 10th. The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Keefe, Bruyette & Woods upgraded Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd. UBS Group downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Friday, March 7th. Four 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’s stock. According to data from MarketBeat, Erste Group Bank has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 5.9 %

The stock has a market cap of $30.64 billion, a P/E ratio of 9.24, a PEG ratio of 1.08 and a beta of 1.24. The business has a 50-day simple moving average of $33.17 and a 200-day simple moving average of $29.73.

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.