Erste Group Bank (OTCMKTS:EBKDY) Sees Strong Trading Volume – Should You Buy?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) saw strong trading volume on Tuesday . 353,534 shares changed hands during mid-day trading, an increase of 259% from the previous session’s volume of 98,343 shares.The stock last traded at $60.93 and had previously closed at $62.88.

Analysts Set New Price Targets

EBKDY has been the subject of a number of recent analyst reports. Zacks Research raised shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. Barclays raised shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Oddo Bhf downgraded Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Erste Group Bank has a consensus rating of “Buy”.

Erste Group Bank Stock Down 3.0%

The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 1.36. The stock’s fifty day moving average price is $61.76 and its 200 day moving average price is $54.63. The stock has a market cap of $47.38 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 0.60 and a beta of 0.85.

About Erste Group Bank

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.