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

KBC Group SA (OTCMKTS:KBCSY) shares gapped up before the market opened on Friday . The stock had previously closed at $63.64, but opened at $66.1850. KBC Group shares last traded at $66.4440, with a volume of 8,281 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KBCSY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of KBC Group in a research report on Tuesday, February 24th. Citigroup reissued a “neutral” rating on shares of KBC Group in a research report on Friday, May 15th. Finally, Zacks Research downgraded KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

KBC Group Price Performance

The stock has a fifty day moving average price of $66.05 and a 200 day moving average price of $65.73. The stock has a market capitalization of $55.27 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.86 and a beta of 0.59.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.07). The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. KBC Group had a net margin of 14.98% and a return on equity of 13.51%. Research analysts anticipate that KBC Group SA will post 5.88 earnings per share for the current year.

KBC Group Company Profile

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.