Erste Group Bank AG (OTCMKTS:EBKDY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Eight brokerages give Erste Group a consensus rating of “Moderate Buy”, with analysts split into three Hold, three Buy and two Strong Buy ratings.
• Recent analyst moves include Zacks downgrading Erste from strong-buy to Hold on April 6 and Citigroup upgrading it to Strong Buy on February 11.
• Shares opened at $61.14 with a market cap of $47.49B, a PE of 13.06 and a 52-week range of $32.80–$66.88; Erste is a Vienna-based universal bank with significant Central and Eastern European operations.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company.

A number of research firms recently weighed in on EBKDY. Zacks Research cut Erste Group Bank from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Citigroup raised Erste Group Bank to a "strong-buy" rating in a report on Wednesday, February 11th.

Erste Group Bank Price Performance

Shares of EBKDY stock opened at $61.14 on Monday. The stock has a market cap of $47.49 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 0.62 and a beta of 0.89. The business has a 50-day simple moving average of $57.95 and a 200-day simple moving average of $56.18. Erste Group Bank has a 52-week low of $32.80 and a 52-week high of $66.88.

Erste Group Bank Company Profile

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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