Erste Group Bank (OTCMKTS:EBKDY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday, reports Zacks.com.
According to Zacks, “The Erste Bank der Muster is a traditional banking group and financial services provider in Central and Eastern Europe. It focuses on retail and SME banking. Centers covering, among others, debt finance, equity capital markets, mergers and acquisitions, debt advisory, project finance, syndication, real estate finance and solutions, infrastructure finance and the sector public, investment banking/private equity, leasing solutions (IMMORENT) and Corporate Cash Management. profit, bonus account, building society contract, pension plan or the order of MasterCard or VISA Card.Erste Bank focuses on private clients, corporate clients and the public sector. It offers all financial products under one roof. It operates in the areas of investment, construction and housing, and leasing. Erste Bank is based in Vienna, Austria. “
EBKDY has been the subject of several other reports. Exane BNP Paribas raised Erste Group Bank from a “neutral” rating to an “outperforming” rating in a research note on Tuesday 3 May. JPMorgan Chase & Co. raised its price target on Erste Group Bank from €36.00 ($38.71) to €43.00 ($46.24) in a Tuesday, May 17 research report. Societe Generale lowered its price target on Erste Group Bank from €48.00 ($51.61) to €47.00 ($50.54) and set a “buy” rating for the company in a research report Tuesday, March 1. UBS Group raised its price target on Erste Group Bank from €42.00 ($45.16) to €45.00 ($48.39) in a Friday, February 18 research report. Finally, Morgan Stanley raised its price target on Erste Group Bank from €50.00 ($53.76) to €53.00 ($56.99) in a Tuesday, February 15 research report. Two research analysts gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $42.86.
Shares of OTCMKTS:EBKDY traded down $0.03 on Monday, hitting $15.66. The company had a trading volume of 73,800 shares, compared to an average volume of 90,977. Erste Group Bank has a 52-week low of $13.16 and a 52-week high of $25.97. The company’s 50-day simple moving average is $16.59 and its 200-day simple moving average is $20.09. The company has a market capitalization of $13.46 billion, a PE ratio of 6.14 and a beta of 1.44.
Erste Group Bank (OTCMKTS:EBKDY – Get Rating) last announced its quarterly results on Monday, February 28. The financial services provider reported earnings per share (EPS) of $0.53 for the quarter. Erste Group Bank achieved a return on equity of 11.16% and a net margin of 20.99%. The company posted revenue of $2.23 billion for the quarter. As a group, stock analysts expect Erste Group Bank to post EPS of 2.12 for the current year.
Company Profile Erste Group Bank (Get an assessment)
Erste Group Bank AG offers a range of banking and other financial services to retail, corporate, real estate and public sector customers in Austria, Central and Eastern Europe and internationally. The Company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks and Group Corporate Center segments.
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