Erste Group Bank AG (OTCMKTS:EBKDY) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Erste Group Bank AG has received a consensus recommendation of "Moderate Buy" from eight ratings firms, with varying recommendations including four holds, two buys, and two strong buys.
• The company reported earnings of $1.20 per share in its latest quarterly report, exceeding the estimate of $1.05, alongside revenue of $3.26 billion against expectations of $3.18 billion.
• Erste Group Bank's stock performance shows a 12-month low of $26.15 and a high of $51.72, with shares recently opening at $48.02.

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company.

Several equities analysts recently weighed in on EBKDY shares. Cfra Research raised shares of Erste Group Bank to a "hold" rating in a research report on Tuesday, August 5th. Zacks Research raised shares of Erste Group Bank to a "hold" rating in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Erste Group Bank in a research report on Monday, August 4th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a research report on Tuesday, September 2nd.

Erste Group Bank Stock Performance

Shares of EBKDY opened at $48.02 on Monday. The firm has a market cap of $39.43 billion, a PE ratio of 11.86, a PEG ratio of 0.85 and a beta of 1.09. The firm's 50 day moving average price is $49.19 and its 200 day moving average price is $43.34. Erste Group Bank has a twelve month low of $26.15 and a twelve month high of $51.72.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.15. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.18 billion. Erste Group Bank had a net margin of 16.96% and a return on equity of 10.08%. On average, sell-side analysts anticipate that Erste Group Bank will post 4.05 earnings per share for the current fiscal year.

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.

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