Erste Group Bank (OTCMKTS:EBKDY) Hits New 1-Year High – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDY)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $36.84 and last traded at $36.25, with a volume of 34430 shares trading hands. The stock had previously closed at $35.47.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research note on Friday, November 22nd. The Goldman Sachs Group raised shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th.

Erste Group Bank Stock Performance

The stock has a market cap of $29.76 billion, a P/E ratio of 8.97, a P/E/G ratio of 1.08 and a beta of 1.25. The firm has a 50 day moving average of $31.88 and a two-hundred day moving average of $28.92.

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.