KBC Group SA (OTCMKTS:KBCSY) Given Consensus Rating of “Hold” by Brokerages

Shares of KBC Group SA (OTCMKTS:KBCSY) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company.

A number of brokerages recently issued reports on KBCSY. Zacks Research cut KBC Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Barclays cut KBC Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. Morgan Stanley restated an “overweight” rating on shares of KBC Group in a research report on Friday, November 14th. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research note on Monday, November 24th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a research note on Monday, November 17th.

KBC Group Trading Down 0.1%

KBCSY opened at $65.69 on Friday. KBC Group has a 12 month low of $36.52 and a 12 month high of $66.37. The company has a market cap of $54.86 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.33 and a beta of 0.54. The company has a 50 day moving average of $61.91 and a 200 day moving average of $57.88.

KBC Group (OTCMKTS:KBCSY) last posted its earnings results on Thursday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.06. KBC Group had a return on equity of 13.96% and a net margin of 15.91%.The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.54 billion. Research analysts forecast that KBC Group will post 4.28 earnings per share for the current fiscal year.

About KBC Group

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.