KBC Group (OTCMKTS:KBCSY) Shares Gap Down – What’s Next?

KBC Group SA (OTCMKTS:KBCSY – Get Free Report)’s share price gapped down before the market opened on Friday. The stock had previously closed at $73.54, but opened at $69.89. KBC Group shares last traded at $70.2655, with a volume of 1,752 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KBCSY shares. Citigroup restated a “neutral” rating on shares of KBC Group in a research report on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a research note on Monday, August 10th. Finally, Jefferies Financial Group started coverage on KBC Group in a report on Wednesday, September 16th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, KBC Group has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on KBC Group

KBC Group Price Performance

The company has a market capitalization of $58.51 billion, a PE ratio of 13.32, a P/E/G ratio of 0.93 and a beta of 0.64. The business’s 50 day simple moving average is $74.76 and its 200 day simple moving average is $69.09.

KBC Group (OTCMKTS:KBCSY – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.64 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.83 billion. As a group, analysts anticipate that KBC Group SA will post 5.85 EPS for the current year.

About KBC Group

(Get Free Report)

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.

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