Erste Group Bank (OTCMKTS:EBKDY) Reaches New 52-Week High - Time to Buy?

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $37.00 and last traded at $36.69, with a volume of 40435 shares traded. The stock had previously closed at $35.71.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. 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. Morgan Stanley reiterated an "overweight" rating on shares of Erste Group Bank in a research note on Friday. Keefe, Bruyette & Woods raised Erste Group Bank from a "moderate sell" rating to a "hold" rating in a report on Friday, November 22nd. Finally, UBS Group lowered Erste Group Bank from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Erste Group Bank Price Performance

The company has a market capitalization of $30.40 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 1.08 and a beta of 1.24. The firm's fifty day moving average price is $32.66 and its 200-day moving average price is $29.45.

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.