KBC Group (OTCMKTS:KBCSY) Upgraded at Zacks Investment Research

KBC Group (OTCMKTS:KBCSYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Friday, Zacks.com reports. The firm presently has a $36.00 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 14.91% from the company’s current price.

According to Zacks, “KBC Group NV is an integrated bank-insurance group, catering mainly for retail, private banking, SME and mid-cap clients. Its operating segment consists of Belgium Business, Czech Republic Business, International Markets Business and Group Centre. The Belgium Business segment engages in the retail and private banc assurance activities. The Czech Republic Business segment comprises all KBC’s activities. The Group Centre segment includes the operating results of the group’s holding-company activities. The International Markets Business segment comprises the activities conducted by entities in the other Central and Eastern European core countries. KBC Group NV is headquartered in Brussels, Belgium. “

Other analysts have also issued reports about the stock. Exane BNP Paribas upgraded shares of KBC Group from an “underperform” rating to a “neutral” rating and set a €78.00 ($82.98) price objective for the company in a research note on Thursday, March 3rd. Bank of America upgraded shares of KBC Group from a “neutral” rating to a “buy” rating and set a €78.00 ($82.98) price objective for the company in a research note on Friday, May 13th. Barclays lowered shares of KBC Group from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $69.30 to $63.80 in a research note on Wednesday, March 23rd. JPMorgan Chase & Co. reduced their price objective on shares of KBC Group from €71.00 ($75.53) to €69.00 ($73.40) and set a “neutral” rating for the company in a research note on Thursday, May 19th. Finally, Morgan Stanley reduced their price target on shares of KBC Group from €79.00 ($84.04) to €75.00 ($79.79) in a research note on Tuesday, May 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.32.

OTCMKTS:KBCSY opened at $31.33 on Friday. The firm has a market cap of $26.12 billion, a P/E ratio of 8.26, a P/E/G ratio of 1.72 and a beta of 1.40. KBC Group has a fifty-two week low of $27.65 and a fifty-two week high of $49.43. The firm has a 50-day simple moving average of $33.70 and a two-hundred day simple moving average of $39.07.

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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