KBC Group (OTCMKTS:KBCSY) Shares Gap Up – Here’s What Happened

Shares of KBC Group SA (OTCMKTS:KBCSY) gapped up prior to trading on Friday . The stock had previously closed at $63.64, but opened at $66.1850. KBC Group shares last traded at $66.4440, with a volume of 8,281 shares changing hands.

Wall Street Analysts Forecast Growth

KBCSY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of KBC Group in a report on Tuesday, February 24th. Citigroup restated a “neutral” rating on shares of KBC Group in a report on Friday, May 15th. Finally, Zacks Research lowered KBC Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

KBC Group Stock Up 0.9%

The company has a market capitalization of $55.27 billion, a PE ratio of 13.13, a P/E/G ratio of 0.86 and a beta of 0.59. The stock has a 50-day moving average of $66.05 and a 200 day moving average of $65.73.

KBC Group (OTCMKTS:KBCSY) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.07). The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.79 billion. KBC Group had a net margin of 14.98% and a return on equity of 13.51%. Equities analysts forecast that KBC Group SA will post 5.88 EPS for the current fiscal year.

KBC Group Company Profile

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.