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

Key Points

• Erste Group Bank has a consensus “Buy” rating from seven analysts: five recommend buying, one rates it a strong buy, and one advises holding. Recent upgrades came from Oddo Bhf and Goldman Sachs.
• The stock opened at $71.03, near its 52-week high of $71.32, with a market capitalization of approximately $55.17 billion. Its 50-day and 200-day moving averages were $66.02 and $61.22, respectively.
• Erste Group’s latest quarterly results modestly exceeded expectations, with EPS of $1.44 versus the $1.43 estimate and revenue of $4.62 billion versus the $4.48 billion consensus forecast.

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) have received a consensus recommendation of "Buy" from the seven brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company.

Several brokerages have recently weighed in on EBKDY. Oddo Bhf raised Erste Group Bank from a "neutral" rating to an "outperform" rating in a report on Thursday, August 6th. The Goldman Sachs Group upgraded Erste Group Bank to a "strong-buy" rating in a research note on Wednesday, July 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Erste Group Bank in a research note on Monday, July 20th. Finally, Citigroup reissued a "buy" rating on shares of Erste Group Bank in a report on Wednesday, July 29th.

Erste Group Bank Stock Up 0.3%

EBKDY stock opened at $71.03 on Friday. Erste Group Bank has a twelve month low of $46.84 and a twelve month high of $71.32. The company has a market cap of $55.17 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 0.70 and a beta of 0.85. The business's 50-day simple moving average is $66.02 and its 200 day simple moving average is $61.22.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.01. The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.48 billion. Erste Group Bank had a return on equity of 11.32% and a net margin of 18.39%. On average, equities research analysts anticipate that Erste Group Bank will post 5.91 EPS for the current 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.

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