Erste Group Bank (OTCMKTS:EBKDY) Hits New 52-Week High - Should You Buy?

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.84 and last traded at $36.25, with a volume of 34430 shares changing hands. The stock had previously closed at $35.47.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 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. The Goldman Sachs Group upgraded shares of Erste Group Bank from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th.

Erste Group Bank Stock Performance

The firm's fifty day simple moving average is $32.19 and its 200-day simple moving average is $29.13. The stock has a market cap of $27.60 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25.

About Erste Group Bank

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.