KBC Group (OTCMKTS:KBCSY) Stock Price Up 1.4% - Here's Why

Key Points

• KBC Group's stock price increased by 1.4%, with the share trading at a high of $54.39 and last at $54.27.
• The company reported $0.69 earnings per share for the recent quarter, exceeding analyst expectations of $0.66.
• KBC Group has a market capitalization of $45.32 billion and a P/E ratio of 11.93, indicating solid financial metrics for investors.

KBC Group SA (OTCMKTS:KBCSY - Get Free Report)'s share price traded up 1.4% during mid-day trading on Wednesday . The stock traded as high as $54.39 and last traded at $54.27. 15,450 shares were traded during mid-day trading, a decline of 50% from the average session volume of 31,009 shares. The stock had previously closed at $53.53.

Wall Street Analyst Weigh In

KBCSY has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of KBC Group in a research report on Wednesday, April 23rd. Barclays lowered shares of KBC Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 15th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of KBC Group in a research report on Thursday, July 10th.

KBC Group Stock Up 1.4%

The stock has a market capitalization of $45.32 billion, a P/E ratio of 11.93, a PEG ratio of 2.01 and a beta of 0.82. The business has a 50-day simple moving average of $50.95 and a two-hundred day simple moving average of $46.57.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. KBC Group had a return on equity of 14.50% and a net margin of 14.27%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $3.03 billion. On average, sell-side analysts forecast that KBC Group SA will post 4.28 earnings per share 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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