KBC Group (OTCMKTS:KBCSY) Shares Gap Down – Should You Sell?

KBC Group SA (OTCMKTS:KBCSY) gapped down prior to trading on Friday. The stock had previously closed at $66.84, but opened at $63.9050. KBC Group shares last traded at $63.93, with a volume of 6,077 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on KBCSY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of KBC Group in a research report on Monday, August 10th. Jefferies Financial Group assumed coverage on shares of KBC Group in a research note on Wednesday, September 16th. They set a “buy” rating on the stock. Finally, Citigroup raised shares of KBC Group from a “hold” rating to a “buy” rating in a report 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 issued a Sell rating to the company. Based on data from MarketBeat.com, KBC Group has a consensus rating of “Hold”.

KBC Group Stock Performance

The firm has a market capitalization of $53.60 billion, a PE ratio of 12.20, a PEG ratio of 0.88 and a beta of 0.67. The company has a fifty day moving average price of $70.01 and a 200-day moving average price of $68.52.

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.