Erste Group Bank (OTCMKTS:EBKDY) Stock Passes Above 50 Day Moving Average - Time to Sell?

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $34.97 and traded as high as $36.34. Erste Group Bank shares last traded at $36.34, with a volume of 30,363 shares changing hands.

Analysts Set New Price Targets

EBKDY has been the subject of a number of analyst reports. Citigroup downgraded shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. UBS Group downgraded Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Erste Group Bank in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Erste Group Bank presently has a consensus rating of "Moderate Buy".

Erste Group Bank Stock Performance

The stock has a fifty day simple moving average of $34.98 and a two-hundred day simple moving average of $31.62. The stock has a market cap of $27.67 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.08 and a beta of 0.95.

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.