Erste Group Bank AG (OTCMKTS:EBKDY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company.

Several research analysts have weighed in on EBKDY shares. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Monday. Zacks Research lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th.

Erste Group Bank Price Performance

Shares of EBKDY opened at $66.44 on Wednesday. The firm has a market capitalization of $51.60 billion, a PE ratio of 13.34, a PEG ratio of 0.64 and a beta of 0.84. The company’s 50-day moving average is $62.50 and its 200-day moving average is $60.40. Erste Group Bank has a fifty-two week low of $43.69 and a fifty-two week high of $68.28.

Erste Group Bank (OTCMKTS:EBKDY) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.53 billion. Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%. Analysts predict that Erste Group Bank will post 5.85 earnings per share for the current fiscal year.

About Erste Group Bank

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.