KBC Group (OTCMKTS:KBCSY) Upgraded to “Equal Weight” by Barclays

KBC Group (OTCMKTS:KBCSY) was upgraded by analysts at Barclays to an “equal weight” rating in a report issued on Thursday, The Fly reports. The firm presently has a €59.90 ($70.47) price target on the stock, up from their previous price target of €56.50 ($66.47).

Other research analysts also recently issued research reports about the stock. Morgan Stanley reissued an “equal weight” rating on shares of KBC Group in a research note on Wednesday, May 12th. HSBC raised shares of KBC Group to a “buy” rating in a research note on Friday, May 28th. UBS Group raised shares of KBC Group to a “sell” rating and boosted their target price for the company from €54.00 ($63.53) to €55.00 ($64.71) in a research note on Wednesday. Zacks Investment Research downgraded shares of KBC Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 14th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of KBC Group in a research note on Thursday, April 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. KBC Group presently has a consensus rating of “Hold” and an average target price of $57.58.

Shares of KBC Group stock traded up $1.79 on Thursday, hitting $39.35. The company’s stock had a trading volume of 31,676 shares, compared to its average volume of 30,267. KBC Group has a 52-week low of $24.09 and a 52-week high of $42.27. The business has a fifty day moving average of $39.78. The stock has a market cap of $32.79 billion, a P/E ratio of 14.26 and a beta of 1.49.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings data on Tuesday, May 11th. The company reported $0.79 EPS for the quarter. KBC Group had a net margin of 22.57% and a return on equity of 12.61%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.27 billion. As a group, equities analysts anticipate that KBC Group will post 3.18 earnings per share for the current year.

KBC Group Company Profile

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.

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Analyst Recommendations for KBC Group (OTCMKTS:KBCSY)

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