Erste Group Bank (OTCMKTS:EBKDY) Hits New 1-Year High - Here's What Happened

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $31.08 and last traded at $30.55, with a volume of 23481 shares traded. The stock had previously closed at $30.95.

Analysts Set New Price Targets

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

Erste Group Bank Stock Down 1.3 %

The company has a market cap of $25.72 billion, a P/E ratio of 7.66, a P/E/G ratio of 0.89 and a beta of 1.29. The business has a fifty day simple moving average of $27.76 and a two-hundred day simple moving average of $26.34.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.18 earnings per share for the quarter. The business had revenue of $3.02 billion for the quarter. Erste Group Bank had a net margin of 15.21% and a return on equity of 11.11%. On average, equities analysts predict that Erste Group Bank AG will post 4.27 EPS for the current fiscal year.

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.

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