KBC Group SA (OTCMKTS:KBCSY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of KBC Group SA (OTCMKTS:KBCSY) have been given an average rating of “Hold” by the seven analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company.

KBCSY has been the topic of a number of analyst reports. Jefferies Financial Group assumed coverage on shares of KBC Group in a research report on Wednesday, September 16th. They set a “buy” rating on the stock. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research note on Tuesday, September 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a report on Monday, August 10th.

KBC Group Price Performance

OTCMKTS:KBCSY opened at $70.11 on Tuesday. The firm has a market capitalization of $58.56 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.89 and a beta of 0.64. The business has a 50 day simple moving average of $74.78 and a 200-day simple moving average of $69.21. KBC Group has a 1 year low of $57.34 and a 1 year high of $78.02.

KBC Group (OTCMKTS:KBCSY) last released its earnings results on Thursday, August 6th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.05. KBC Group had a return on equity of 13.42% and a net margin of 15.58%.The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.83 billion. As a group, analysts expect that KBC Group will post 5.85 earnings per share for the current fiscal year.

KBC Group Company Profile

KBC Group is a Belgium-based financial services group that combines banking and insurance activities. Through its banking and insurance subsidiaries, the company serves individuals, households, small and medium-sized enterprises, corporate clients and private banking customers.

KBC’s main services include current and savings accounts, consumer and residential lending, business finance, investment and wealth management, payments, and a range of life and non-life insurance products. The group distributes its services through bank branches, insurance agencies and digital channels, including integrated banking and insurance platforms.

The group was created in 1998 through the merger of Kredietbank, CERA Bank and ABB Insurance.