KBC Group (OTCMKTS:KBCSY) Upgraded to “Strong-Buy” at Barclays

Barclays upgraded shares of KBC Group (OTCMKTS:KBCSY) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

KBC Group Stock Performance

KBC Group stock opened at $42.39 on Monday. The company has a market capitalization of $35.40 billion, a PE ratio of 9.42, a P/E/G ratio of 1.76 and a beta of 1.12. The company has a 50 day moving average price of $38.86 and a 200-day moving average price of $37.94. KBC Group has a fifty-two week low of $33.41 and a fifty-two week high of $43.25.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.21. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $2.96 billion. On average, analysts forecast that KBC Group will post 4.28 earnings per share for the current year.

About KBC Group

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.