Brokerages Set Erste Group Bank AG (OTCMKTS:EBKDY) Target Price at $20.00

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have been assigned an average rating of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.00.

EBKDY has been the topic of several recent research reports. Zacks Investment Research upgraded Erste Group Bank from a “strong sell” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Monday, May 3rd. Morgan Stanley upgraded Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 11th. UBS Group restated a “buy” rating on shares of Erste Group Bank in a report on Friday, April 16th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Erste Group Bank in a report on Tuesday, March 2nd. Finally, JPMorgan Chase & Co. upgraded Erste Group Bank to a “neutral” rating in a report on Tuesday, June 1st.

OTCMKTS:EBKDY opened at $20.65 on Tuesday. Erste Group Bank has a 12 month low of $9.76 and a 12 month high of $21.67. The business’s 50 day moving average price is $19.14. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 0.70 and a beta of 1.49.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Friday, April 30th. The financial services provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.07. Erste Group Bank had a return on equity of 4.21% and a net margin of 10.40%. The company had revenue of $2.20 billion during the quarter. As a group, equities research analysts anticipate that Erste Group Bank will post 1.41 EPS for the current year.

The firm also recently disclosed a dividend, which was paid on Monday, June 7th. Investors of record on Wednesday, May 26th were issued a $0.303 dividend. This represents a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, May 25th. Erste Group Bank’s dividend payout ratio is presently 22.22%.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, real estate, and public sector customers in Austria, Central and Eastern Europe, and internationally. It operates through Retail, Corporates, Group Markets, Asset/Liability Management and Local Corporate Center, Savings Banks, and Group Corporate Center segments.

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Analyst Recommendations for Erste Group Bank (OTCMKTS:EBKDY)

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