KBC Group SA (KBCSY) - What Are Researchers Saying About This Stock?

Key Points

• Analyst consensus is “Hold”: Of seven analysts covering KBC Group, three recommend buying, three recommend holding, and one recommends selling. Citigroup upgraded the stock to “Buy,” while Jefferies initiated coverage with a “Buy” rating.
• Latest results exceeded expectations: KBC reported quarterly EPS of $1.64 versus the $1.59 consensus estimate and revenue of $3.96 billion, ahead of the $3.83 billion forecast.
• Shares were trading at $63.61, below their 50-day and 200-day moving averages of $73.10 and $69.75, respectively. The company had a market capitalization of $53.14 billion and analysts expect full-year EPS of $5.77.

Shares of KBC Group SA (OTCMKTS:KBCSY - Get Free Report) have received an average recommendation of "Hold" from the seven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company.

Several brokerages recently issued reports on KBCSY. Citigroup upgraded KBC Group from a "neutral" rating to a "buy" rating in a research note on Thursday. Jefferies Financial Group began coverage on KBC Group in a report on Wednesday, September 16th. They set a "buy" rating on the stock. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of KBC Group in a research note on Monday, August 10th.

KBC Group Price Performance

Shares of KBCSY opened at $63.61 on Friday. The company has a market capitalization of $53.14 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 0.80 and a beta of 0.64. KBC Group has a one year low of $58.41 and a one year high of $78.02. The company's fifty day moving average price is $73.10 and its 200 day moving average price is $69.75.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.05. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.83 billion. KBC Group had a return on equity of 13.42% and a net margin of 15.58%. Analysts anticipate that KBC Group will post 5.77 earnings per share for the current year.

About KBC Group

KBC Group is a Belgian financial services group headquartered in Brussels. It operates as an integrated bank-insurance organization, combining banking and insurance activities through closely connected distribution networks and digital channels.

The group provides retail, business and private banking services, including current and savings accounts, lending, payments, investment products, asset management and financial advice. Its insurance operations offer life and non-life coverage, including products for individuals, families and businesses.

KBC serves customers primarily in Belgium and selected Central and Eastern European markets, including the Czech Republic, Slovakia, Hungary and Bulgaria.

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