KBC Group SA (OTCMKTS:KBCSY) Given Average Recommendation of “Hold” by Analysts

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

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

KBC Group Price Performance

Shares of OTCMKTS:KBCSY opened at $67.80 on Thursday. The business’s fifty day moving average price is $64.30 and its two-hundred day moving average price is $60.00. KBC Group has a fifty-two week low of $37.25 and a fifty-two week high of $68.49. The stock has a market capitalization of $56.64 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.54.

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