KBC Group (OTCMKTS:KBCSY) Stock Price Up 0.7% - Still a Buy?

Key Points

• KBC Group's stock rose 0.7%, closing at $60.13, despite a decline in trading volume by 17% from its average.
• Analyst ratings for KBC Group are mixed, with one buy rating and three hold ratings, resulting in an average rating of "Hold."
• The company reported quarterly earnings of $1.42 EPS, exceeding estimates and maintaining a return on equity of 14.18%.

KBC Group SA (OTCMKTS:KBCSY - Get Free Report) rose 0.7% on Monday . The company traded as high as $60.25 and last traded at $60.13. Approximately 20,896 shares changed hands during trading, a decline of 17% from the average daily volume of 25,062 shares. The stock had previously closed at $59.72.

Wall Street Analyst Weigh In

KBCSY has been the topic of a number of recent analyst reports. Barclays cut shares of KBC Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 15th. Morgan Stanley reissued an "overweight" rating on shares of KBC Group in a research note on Tuesday, September 2nd. Royal Bank Of Canada reissued a "sector perform" rating on shares of KBC Group in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of KBC Group in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, KBC Group currently has an average rating of "Hold".

KBC Group Trading Up 0.7%

The firm has a market capitalization of $50.21 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 1.34 and a beta of 0.85. The company has a fifty day moving average price of $56.40 and a 200-day moving average price of $50.42.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.02. KBC Group had a return on equity of 14.18% and a net margin of 15.04%. As a group, sell-side analysts predict that KBC Group SA will post 4.28 EPS for the current fiscal year.

About KBC Group

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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