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

KBC Group SA (OTCMKTS:KBCSY) has earned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company.

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

KBC Group Trading Up 0.7%

Shares of KBC Group stock opened at $67.80 on Thursday. KBC Group has a 1 year low of $37.25 and a 1 year high of $68.49. The company’s fifty day simple moving average is $64.30 and its 200-day simple moving average is $60.00. The company has a market cap of $56.64 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.21 and a beta of 0.54.

KBC Group (OTCMKTS:KBCSY) last released its earnings results on Thursday, November 13th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.37 by $0.06. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.54 billion. KBC Group had a net margin of 15.91% and a return on equity of 13.96%. As a group, research analysts forecast that KBC Group will post 4.28 earnings per share 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.