KBC Group SA (OTCMKTS:KBCSY) Receives Consensus Recommendation of “Hold” from Brokerages

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

KBCSY has been the subject of several research reports. Barclays lowered shares of KBC Group from an “overweight” rating to an “underweight” rating in a research note on Tuesday. Royal Bank Of Canada restated a “sector perform” rating on shares of KBC Group in a report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of KBC Group in a report on Tuesday, August 12th. Citigroup reissued a “neutral” rating on shares of KBC Group in a research report on Monday, November 24th. Finally, Zacks Research downgraded KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th.

KBC Group Stock Down 1.6%

OTCMKTS KBCSY opened at $60.82 on Wednesday. The firm has a market capitalization of $50.79 billion, a PE ratio of 12.14, a P/E/G ratio of 1.25 and a beta of 0.54. The stock’s 50 day moving average is $59.90 and its 200 day moving average is $56.06. KBC Group has a twelve month low of $36.27 and a twelve month high of $63.93.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings data on Thursday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. KBC Group had a return on equity of 14.53% and a net margin of 15.91%.The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.54 billion. On average, research analysts anticipate 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.