Erste Group Bank (OTCMKTS:EBKDY) Shares Pass Above Fifty Day Moving Average - Should You Sell?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $33.84 and traded as high as $36.55. Erste Group Bank shares last traded at $36.41, with a volume of 37,283 shares traded.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group downgraded shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Morgan Stanley restated an "overweight" rating on shares of Erste Group Bank in a research note on Friday, March 7th. The Goldman Sachs Group upgraded Erste Group Bank from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Finally, Citigroup downgraded Erste Group Bank from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Erste Group Bank has an average rating of "Moderate Buy".

Erste Group Bank Trading Down 1.0 %

The stock has a market cap of $30.04 billion, a PE ratio of 9.06, a P/E/G ratio of 1.08 and a beta of 1.24. The business has a 50 day moving average of $33.96 and a 200-day moving average of $30.16.

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.

Remove Ads