Erste Group Bank (OTCMKTS:EBKDY) Sees Strong Trading Volume – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDY) shares saw unusually-high trading volume on Monday . Approximately 175,799 shares were traded during mid-day trading, an increase of 140% from the previous session’s volume of 73,330 shares.The stock last traded at $65.10 and had previously closed at $63.60.

Analysts Set New Price Targets

Several research firms recently commented on EBKDY. Oddo Bhf downgraded Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. 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 note on Monday, November 24th. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Erste Group Bank has an average rating of “Moderate Buy”.

Erste Group Bank Stock Performance

The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15. The firm’s 50-day moving average price is $60.90 and its two-hundred day moving average price is $53.71. The stock has a market cap of $49.76 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 0.66 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.