KBC Group (OTCMKTS:KBCSY) Stock Rating Lowered by Barclays

KBC Group (OTCMKTS:KBCSY) was downgraded by Barclays from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on KBCSY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a research report on Wednesday, April 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of KBC Group in a report on Thursday, July 10th.

KBC Group Stock Performance

KBC Group stock opened at $50.89 on Tuesday. KBC Group has a fifty-two week low of $34.78 and a fifty-two week high of $53.78. The firm’s fifty day moving average price is $49.70 and its 200-day moving average price is $45.12. The stock has a market cap of $42.50 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 2.05 and a beta of 0.80.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $3.03 billion. KBC Group had a net margin of 14.27% and a return on equity of 14.50%. On average, analysts predict that KBC Group will post 4.28 earnings per share for the current year.

KBC Group Company Profile

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.