KBC Group (OTCMKTS:KBCSY) Sees Strong Trading Volume – Still a Buy?

KBC Group SA (OTCMKTS:KBCSY) shares saw unusually-high trading volume on Thursday . Approximately 55,247 shares were traded during mid-day trading, an increase of 192% from the previous session’s volume of 18,929 shares.The stock last traded at $70.07 and had previously closed at $71.51.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a research note on Friday, November 14th. Zacks Research cut shares of KBC Group from a “strong-buy” rating to a “hold” rating in a 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. Barclays downgraded KBC Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. Finally, Citigroup reiterated a “neutral” rating on shares of KBC Group in a research report on Monday, November 24th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

KBC Group Price Performance

The business’s 50 day simple moving average is $66.57 and its 200 day simple moving average is $61.49. The stock has a market cap of $59.57 billion, a P/E ratio of 14.23, a PEG ratio of 1.06 and a beta of 0.54.

KBC Group (OTCMKTS:KBCSY) last issued its earnings results 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. The business had revenue of $3.61 billion during 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%. Research analysts predict that KBC Group SA will post 4.28 earnings per share for the current 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.