KBC Group (OTCMKTS:KBCSY – Get Free Report) is projected to post its results before the market opens on Thursday, November 12th. Analysts expect the company to announce earnings of $1.59 per share and revenue of $3.86 billion for the quarter.
KBC Group Stock Up 5.0%
KBCSY stock opened at $67.97 on Tuesday. The firm has a market cap of $56.78 billion, a PE ratio of 12.66, a P/E/G ratio of 0.87 and a beta of 0.67. The business has a 50 day moving average of $70.58 and a 200-day moving average of $68.56. KBC Group has a 12-month low of $58.60 and a 12-month high of $78.02.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a report on Monday, August 10th. Citigroup upgraded KBC Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 22nd. Finally, Jefferies Financial Group began coverage on KBC Group in a research note on Wednesday, September 16th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Read Our Latest Analysis on KBC Group
About KBC Group
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.
KBC Group was formed in 1998 through the combination of Kredietbank, CERA Bank and ABB Insurance.
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