KBC Group SA (OTCMKTS:KBCSY) Receives Average Rating of “Hold” from Brokerages

Shares of KBC Group SA (OTCMKTS:KBCSY) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings 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.

Several equities research analysts recently weighed in on KBCSY shares. Zacks Research downgraded shares of KBC Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Citigroup reissued a “neutral” rating on shares of KBC Group in a research note on Friday, May 15th.

KBC Group Trading Up 0.7%

Shares of KBC Group stock opened at $69.50 on Thursday. The company has a fifty day simple moving average of $66.69 and a 200-day simple moving average of $66.52. The stock has a market cap of $58.06 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.94 and a beta of 0.60. KBC Group has a 12-month low of $50.64 and a 12-month high of $73.12.

KBC Group (OTCMKTS:KBCSY) last announced its earnings results on Tuesday, May 12th. The company reported $0.77 earnings per share (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 analyst estimates of $3.79 billion. KBC Group had a return on equity of 13.15% and a net margin of 14.98%. On average, analysts forecast that KBC Group will post 5.81 earnings per share for the current fiscal year.

About KBC Group

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.