Erste Group Bank AG (OTCMKTS:EBKDY) Receives Average Recommendation of “Buy” from Analysts

Erste Group Bank AG (OTCMKTS:EBKDY) has earned an average rating of “Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of analysts have recently issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. The Goldman Sachs Group raised shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Zacks Research upgraded shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Finally, Oddo Bhf raised shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 6th.

Erste Group Bank Price Performance

Shares of OTCMKTS:EBKDY opened at $69.98 on Friday. Erste Group Bank has a 1 year low of $46.84 and a 1 year high of $71.32. The company has a market cap of $54.35 billion, a P/E ratio of 13.41, a PEG ratio of 0.68 and a beta of 0.85. The stock’s fifty day moving average price is $66.90 and its 200-day moving average price is $61.33.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.43 by $0.01. Erste Group Bank had a return on equity of 11.32% and a net margin of 18.39%.The company had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.48 billion. On average, sell-side analysts anticipate that Erste Group Bank will post 5.91 earnings per share for the current year.

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.