KBC Group (OTCMKTS:KBCSY) Upgraded by Barclays to “Strong-Buy” Rating

Barclays upgraded shares of KBC Group (OTCMKTS:KBCSY) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

KBC Group Stock Performance

Shares of KBC Group stock opened at $42.39 on Monday. The firm has a 50-day simple moving average of $38.86 and a two-hundred day simple moving average of $37.94. The company has a market cap of $35.40 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 1.76 and a beta of 1.12. KBC Group has a fifty-two week low of $33.41 and a fifty-two week high of $43.25.

KBC Group (OTCMKTS:KBCSY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.21. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.96 billion. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. Equities research analysts forecast that KBC Group 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.