KBC Group (OTCMKTS:KBCSY) Sees Strong Trading Volume - Here's Why

Key Points

• KBC Group SA experienced a significant increase in trading volume, with approximately 101,118 shares traded, marking a 174% rise from the previous session.
• Despite a recent earnings report that beat expectations, KBC Group's revenue fell short of analysts' forecasts, with reported earnings per share of $0.69 against a consensus estimate of $0.66.
• Analysts have mixed ratings on KBC Group, with Morgan Stanley maintaining an "overweight" rating while Barclays downgraded its rating from "strong-buy" to "hold."

Shares of KBC Group SA (OTCMKTS:KBCSY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 101,118 shares were traded during mid-day trading, an increase of 174% from the previous session's volume of 36,855 shares.The stock last traded at $53.34 and had previously closed at $52.52.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Morgan Stanley restated an "overweight" rating on shares of KBC Group in a report on Thursday, July 10th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of KBC Group in a research report on Wednesday, April 23rd. Finally, Barclays lowered shares of KBC Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 15th.

KBC Group Price Performance

The firm has a market capitalization of $44.54 billion, a P/E ratio of 11.72, a P/E/G ratio of 1.97 and a beta of 0.82. The stock's 50 day moving average is $50.78 and its two-hundred day moving average is $46.41.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. The business had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $3.03 billion. KBC Group had a net margin of 14.27% and a return on equity of 14.50%. As a group, equities research analysts expect that KBC Group SA will post 4.28 EPS 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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