KBC Group (OTCMKTS:KBCSY) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

KBC Group SA (OTCMKTS:KBCSY)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $67.37 and traded as high as $69.6520. KBC Group shares last traded at $68.74, with a volume of 15,715 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a report on Monday, July 20th. Zacks Research lowered KBC Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Finally, Citigroup reissued a “neutral” rating on shares of KBC Group in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

KBC Group Stock Down 1.9%

The firm has a market cap of $57.42 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 0.90 and a beta of 0.60. The firm’s 50-day simple moving average is $67.37 and its 200 day simple moving average is $66.75.

KBC Group (OTCMKTS:KBCSY) last released its earnings results 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 net margin of 14.98% and a return on equity of 13.15%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. As a group, analysts forecast that KBC Group SA will post 5.76 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.