KBC Group (OTCMKTS:KBCSY) Shares Gap Down – Here’s What Happened

by · The Markets Daily

KBC Group SA (OTCMKTS:KBCSY – Get Free Report) shares gapped down before the market opened on Monday. The stock had previously closed at $67.77, but opened at $65.59. KBC Group shares last traded at $65.43, with a volume of 1,403 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KBCSY. Jefferies Financial Group initiated coverage on shares of KBC Group in a research report on Wednesday, September 16th. They issued a “buy” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Tuesday, September 29th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, KBC Group presently has a consensus rating of “Hold”.

View Our Latest Research Report on KBCSY

KBC Group Price Performance

The business’s 50-day moving average price is $73.78 and its two-hundred day moving average price is $69.78. The company has a market capitalization of $53.98 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 0.82 and a beta of 0.64.

KBC Group (OTCMKTS:KBCSY – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.05. The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.83 billion. KBC Group had a return on equity of 13.42% and a net margin of 15.58%. As a group, research analysts predict that KBC Group SA will post 5.85 EPS for the current year.

KBC Group Company Profile

(Get Free Report)

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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