Barclays Upgrades KBC Group (OTCMKTS:KBCSY) to Strong-Buy

KBC Group (OTCMKTS:KBCSY) was upgraded by analysts at Barclays from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

KBC Group Stock Performance

Shares of KBC Group stock opened at $42.39 on Monday. The company has a market capitalization of $35.40 billion, a P/E ratio of 9.42, a PEG ratio of 1.76 and a beta of 1.12. KBC Group has a 1 year low of $33.41 and a 1 year high of $43.25. The company’s fifty day moving average is $38.86 and its two-hundred day moving average is $37.94.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.21. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $2.96 billion. KBC Group had a return on equity of 14.40% and a net margin of 13.32%. As a group, equities analysts expect that KBC Group will post 4.28 earnings per share for the current 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.