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

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

KBCSY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of KBC Group in a research note on Tuesday, August 12th. Citigroup restated a “neutral” rating on shares of KBC Group in a research report on Monday, November 24th. Barclays downgraded shares of KBC Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a research note on Friday, November 14th. Finally, Zacks Research lowered shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th.

KBC Group Stock Up 0.2%

KBCSY stock opened at $62.00 on Wednesday. KBC Group has a 52-week low of $36.52 and a 52-week high of $63.93. The firm has a market cap of $51.78 billion, a P/E ratio of 12.38, a PEG ratio of 1.25 and a beta of 0.54. The company’s 50-day simple moving average is $60.11 and its 200-day simple moving average is $56.22.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings results on Thursday, November 13th. The company reported $1.43 earnings per share 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 analyst estimates of $3.54 billion. KBC Group had a return on equity of 14.53% and a net margin of 15.91%. On average, analysts anticipate that KBC Group will post 4.28 earnings per share for the current fiscal year.

About KBC Group

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.