KBC Group SA (OTCMKTS:KBCSY – Get Free Report) was up 1.9% during mid-day trading on Friday. The company traded as high as $75.97 and last traded at $75.93. Approximately 8,433 shares traded hands during trading, a decline of 36% from the average daily volume of 13,247 shares. The stock had previously closed at $74.50.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on KBCSY. Jefferies Financial Group assumed coverage on shares of KBC Group in a report on Wednesday, September 16th. They set a “buy” rating on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a research report on Monday, August 10th. Finally, Citigroup reiterated a “neutral” rating on shares of KBC Group in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on KBCSY
KBC Group Stock Up 1.9%
KBC Group (OTCMKTS:KBCSY – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.83 billion. KBC Group had a net margin of 15.58% and a return on equity of 13.42%. On average, sell-side analysts forecast that KBC Group SA will post 5.85 earnings per share for the current fiscal year.
KBC Group Company Profile
KBC Group NV is a Belgium-based financial group that provides banking and insurance services to individuals, businesses and institutional clients. Through its banking operations, the company offers deposit accounts, consumer and mortgage lending, payment services, investment products, wealth management, leasing and corporate finance. Its insurance activities include life and non-life insurance, including coverage for property, automobiles, health and other personal and commercial risks.
KBC primarily serves customers in Belgium and selected Central and Eastern European markets, including the Czech Republic, Slovakia, Hungary and Bulgaria.
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