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

KBC Group SA (OTCMKTS:KBCSY) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company.

A number of research analysts have issued reports on the company. Zacks Research cut KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of KBC Group in a report on Tuesday, February 24th. Finally, Citigroup restated a “neutral” rating on shares of KBC Group in a research note on Friday, May 15th.

KBC Group Price Performance

OTCMKTS KBCSY opened at $65.64 on Wednesday. The business has a fifty day moving average price of $65.26 and a two-hundred day moving average price of $65.53. The stock has a market capitalization of $54.83 billion, a PE ratio of 13.02, a PEG ratio of 0.89 and a beta of 0.59. KBC Group has a fifty-two week low of $48.19 and a fifty-two week high of $73.12.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.07). KBC Group had a return on equity of 13.51% and a net margin of 14.98%.The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. As a group, sell-side analysts expect that KBC Group will post 5.88 earnings per share for the current 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.