KBC Group SA (OTCMKTS:KBCSY) Given Average Rating of “Hold” by Brokerages

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

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

KBC Group Stock Performance

Shares of KBC Group stock opened at $70.70 on Thursday. The company has a market cap of $59.06 billion, a PE ratio of 14.11, a P/E/G ratio of 1.08 and a beta of 0.54. The business has a 50-day simple moving average of $65.14 and a 200-day simple moving average of $60.60. KBC Group has a one year low of $37.25 and a one year high of $71.78.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings results on Thursday, November 13th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.54 billion. KBC Group had a return on equity of 13.96% and a net margin of 15.91%. On average, sell-side analysts predict 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.