KBC Group (OTCMKTS:KBCSY) Shares Gap Up – Time to Buy?

KBC Group SA (OTCMKTS:KBCSY)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $64.73, but opened at $68.22. KBC Group shares last traded at $68.3590, with a volume of 2,704 shares changing hands.

Analyst Ratings Changes

Several analysts have recently issued reports on KBCSY shares. Jefferies Financial Group assumed coverage on KBC Group in a report on Wednesday, September 16th. They set a “buy” rating on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of KBC Group in a research report on Monday, August 10th. Finally, Citigroup raised KBC Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 22nd. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, KBC Group presently has an average rating of “Hold”.

KBC Group Stock Down 1.9%

The firm has a 50 day moving average of $70.25 and a two-hundred day moving average of $68.55. The firm has a market capitalization of $55.83 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 0.90 and a beta of 0.67.

KBC Group (OTCMKTS:KBCSY) last issued its earnings results on Thursday, November 12th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.59 by $0.02. KBC Group had a return on equity of 13.42% and a net margin of 15.58%. Sell-side analysts forecast that KBC Group SA will post 5.58 EPS for the current fiscal year.

KBC Group Company Profile

KBC Group is a Belgium-based financial services group that combines banking and insurance. It serves individuals, businesses and institutional clients through retail and commercial banking, private banking, insurance, and related financial services. The group’s core markets include Belgium and several Central and Eastern European countries, including the Czech Republic, Slovakia, Hungary and Bulgaria. Its offerings include deposit and lending products, payment services, investment and wealth-management services, and life and non-life insurance, delivered through branches and digital channels.