KBC Group (OTCMKTS:KBCSY) Upgraded at Barclays

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

KBC Group Stock Performance

KBCSY opened at $42.39 on Monday. The business has a 50 day moving average price of $38.86 and a 200 day moving average price of $37.94. KBC Group has a twelve month low of $33.41 and a twelve month high of $43.25. The firm 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 (OTCMKTS:KBCSY) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.21. KBC Group had a return on equity of 14.40% and a net margin of 13.32%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $2.96 billion. As a group, analysts anticipate that KBC Group will post 4.28 earnings per share for the current fiscal 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.