Erste Group Bank (OTCMKTS:EBKDY) Hits New 1-Year High – Should You Buy?

Erste Group Bank AG (OTCMKTS:EBKDY)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $37.36 and last traded at $37.32, with a volume of 23125 shares trading hands. The stock had previously closed at $35.23.

Analyst Ratings Changes

A number of brokerages recently issued reports on EBKDY. The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. UBS Group cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research note on Friday, March 7th. Keefe, Bruyette & Woods raised shares of Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd. Finally, Citigroup downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Erste Group Bank Price Performance

The company has a market capitalization of $30.64 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. The company’s fifty day moving average is $33.02 and its 200-day moving average is $29.64.

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.