KBC Group (OTCMKTS:KBCSY) Stock Price Up 1.9% – Should You Buy?

Shares of KBC Group SA (OTCMKTS:KBCSY) shot up 1.9% on Friday. The stock traded as high as $75.97 and last traded at $75.93. Approximately 8,433 shares changed hands during trading, a decline of 36% from the average daily volume of 13,247 shares. The stock had previously closed at $74.50.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KBCSY shares. Jefferies Financial Group assumed coverage on KBC Group in a research note on Wednesday, September 16th. They issued a “buy” rating for the company. Royal Bank Of Canada restated a “sector perform” rating on shares of KBC Group in a report on Monday, August 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

KBC Group Price Performance

The business’s fifty day moving average price is $74.40 and its two-hundred day moving average price is $68.75. The stock has a market capitalization of $63.43 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.94 and a beta of 0.59.

KBC Group (OTCMKTS:KBCSY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.83 billion. KBC Group had a return on equity of 13.42% and a net margin of 15.58%. As a group, equities research analysts anticipate that KBC Group SA will post 5.85 earnings per share for the current fiscal year.

KBC Group Company Profile

KBC Group NV is a Belgium-based financial group that provides banking and insurance services to individuals, businesses and institutional clients. Through its banking operations, the company offers deposit accounts, consumer and mortgage lending, payment services, investment products, wealth management, leasing and corporate finance. Its insurance activities include life and non-life insurance, including coverage for property, automobiles, health and other personal and commercial risks.

KBC primarily serves customers in Belgium and selected Central and Eastern European markets, including the Czech Republic, Slovakia, Hungary and Bulgaria.