KBC Group (OTCMKTS:KBCSY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of KBC Group SA (OTCMKTS:KBCSY) saw an uptick in trading volume on Thursday . 142,072 shares were traded during mid-day trading, an increase of 354% from the previous session’s volume of 31,305 shares.The stock last traded at $69.54 and had previously closed at $68.1090.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KBCSY shares. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Friday, May 15th. Zacks Research downgraded shares of 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, KBC Group currently has a consensus rating of “Hold”.

KBC Group Stock Performance

The firm has a fifty day moving average price of $66.34 and a 200 day moving average price of $66.34. The stock has a market cap of $57.97 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.95 and a beta of 0.60.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.07). KBC Group had a return on equity of 13.15% and a net margin of 14.98%.The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.79 billion. On average, equities research analysts forecast that KBC Group SA will post 5.81 earnings per share for the current 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.