KBC Group (OTCMKTS:KBCSY) Price Target Lowered to €75.00 at Morgan Stanley

KBC Group (OTCMKTS:KBCSY – Get Rating) had its target price trimmed by Morgan Stanley from €79.00 ($82.29) to €75.00 ($78.13) in a report published on Tuesday morning, The Fly reports.

Several other equities analysts have also weighed in on KBCSY. Barclays lowered shares of KBC Group from an equal weight rating to an underweight rating and dropped their price objective for the company from $69.30 to $63.80 in a research report on Wednesday, March 23rd. Zacks Investment Research lowered shares of KBC Group from a hold rating to a strong sell rating in a research report on Tuesday, April 5th. JPMorgan Chase & Co. dropped their price objective on shares of KBC Group from €87.00 ($90.63) to €71.00 ($73.96) in a research report on Monday, March 14th. Exane BNP Paribas raised shares of KBC Group from an underperform rating to a neutral rating and set a €78.00 ($81.25) price objective on the stock in a research report on Thursday, March 3rd. Finally, Bank of America raised shares of KBC Group from a neutral rating to a buy rating and set a €78.00 ($81.25) price objective on the stock in a research report on Friday, May 13th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $70.65.

OTCMKTS KBCSY opened at $30.32 on Tuesday. The firm’s fifty day moving average price is $34.30 and its two-hundred day moving average price is $39.87. KBC Group has a 1 year low of $27.65 and a 1 year high of $49.43.

The company also recently disclosed a dividend, which will be paid on Friday, May 27th. Shareholders of record on Wednesday, May 11th will be paid a dividend of $2.7804 per share. This represents a yield of 11.34%. This is an increase from KBC Group’s previous dividend of $2.01. The ex-dividend date is Tuesday, May 10th.

About KBC Group (Get Rating)

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.

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