KBC Group (OTCMKTS:KBCSY) Trading Down 2.6% - Time to Sell?

Key Points

• KBC Group shares fell by 2.6% during mid-day trading, reaching a low of $57.79, with trading volume declining by 53% compared to the average.
• Analyst ratings for KBC Group vary, with one analyst giving a Buy rating and three others assigning a Hold rating, leading to an average rating of "Hold."
• The company reported earnings of $1.42 per share for the last quarter, exceeding analysts' expectations of $1.40, with analysts predicting a full-year EPS of 4.28.

Shares of KBC Group SA (OTCMKTS:KBCSY - Get Free Report) were down 2.6% during mid-day trading on Tuesday . The company traded as low as $57.79 and last traded at $57.79. Approximately 11,661 shares were traded during trading, a decline of 53% from the average daily volume of 24,950 shares. The stock had previously closed at $59.33.

Analyst Ratings Changes

A number of research firms have recently commented on KBCSY. Barclays lowered shares of KBC Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 15th. Royal Bank Of Canada reissued a "sector perform" rating on shares of KBC Group in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of KBC Group in a report on Tuesday, August 12th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of KBC Group in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

KBC Group Trading Down 2.6%

The company has a market cap of $48.26 billion, a PE ratio of 12.14, a P/E/G ratio of 1.33 and a beta of 0.80. The firm's 50-day simple moving average is $58.54 and its two-hundred day simple moving average is $51.82.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.