Shares of KBC Group SA (OTCMKTS:KBCSY – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $63.64, but opened at $66.1850. KBC Group shares last traded at $66.4440, with a volume of 8,281 shares.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on KBCSY shares. Zacks Research downgraded shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of KBC Group in a research note on Tuesday, February 24th. Finally, Citigroup reissued a “neutral” rating on shares of KBC Group in a research note on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.
Check Out Our Latest Stock Report on KBC Group
KBC Group Price Performance
KBC Group (OTCMKTS:KBCSY – Get Free Report) last announced 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 13.51%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. On average, equities research analysts anticipate that KBC Group SA will post 5.88 EPS 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.
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