Erste Group Bank (EBKDY) Lifted to “Buy” at Zacks Investment Research

Erste Group Bank (OTCMKTS:EBKDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $29.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.86% from the stock’s current price.

According to Zacks, “The Erste Bank der Muster is a traditional banking group and providering financial services in Central and Eastern Europe. It focuses on retail and SME banking. It offers a range of products through group-wide bundling of product know how into Competence Centres covering, among others, Debt financing, Equity capital markets ,Mergers and acquisitions,Debt advisory, Project financing, Syndication, Real Estate financing and solutions, Infrastructure Finance & Public Sector, Merchant Banking / Private Equity, Leasing solutions (IMMORENT), and Corporate Cash Management. Its customers can avail its products in netbanking, wether it is Komfort-Kredit, Profit account, Bonus account, Building society contract, Pension plan or the order of MasterCard or VISA Card. Erste Bank focuses on private clients, corporate clients and the public sector. it offers all financial products under one roof. It operates in the areas of investment , construction and living , and leasing. Erste Bank is based in Vienna, Austria. “

Shares of Erste Group Bank (EBKDY) traded up $0.10 on Monday, reaching $26.16. The company had a trading volume of 20,846 shares, compared to its average volume of 38,113. Erste Group Bank has a 1 year low of $15.73 and a 1 year high of $26.37. The company has a market capitalization of $22,400.00, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 2.59 and a beta of 1.12.

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Erste Group Bank Company Profile

Erste Group Bank AG is a savings bank. The Company offers a range of banking and other financial services, such as savings accounts, asset management (including investment funds), consumer credit and mortgage lending, investment banking, securities and derivatives trading, portfolio management, project finance, foreign trade financing, corporate finance, capital market and money market services, foreign exchange trading, leasing and factoring.

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