KBC Group NV (OTCMKTS:KBCSY – Get Rating) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 8,700 shares, an increase of 38.1% from the August 15th total of 6,300 shares. Based on an average trading volume of 360,800 shares, the short-interest ratio is currently 0.0 days.
KBC Group Stock Up 0.3 %
Shares of OTCMKTS:KBCSY traded up $0.07 during trading on Friday, reaching $27.54. 77,507 shares of the company’s stock traded hands, compared to its average volume of 151,455. KBC Group has a fifty-two week low of $22.86 and a fifty-two week high of $49.43. The company has a 50-day simple moving average of $25.39 and a 200-day simple moving average of $29.82. The firm has a market cap of $22.96 billion, a PE ratio of 7.59, a P/E/G ratio of 1.37 and a beta of 1.28.
KBC Group (OTCMKTS:KBCSY – Get Rating) last issued its quarterly earnings data on Thursday, August 11th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.85 by $0.17. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.08 billion. KBC Group had a return on equity of 10.63% and a net margin of 21.94%. On average, equities research analysts forecast that KBC Group will post 3.25 EPS for the current year.
Analyst Ratings Changes
Several research firms have weighed in on KBCSY. JPMorgan Chase & Co. dropped their price target on KBC Group from €67.00 ($68.37) to €64.00 ($65.31) in a research note on Wednesday, September 7th. Morgan Stanley increased their price target on shares of KBC Group from €5.90 ($6.02) to €6.40 ($6.53) in a report on Tuesday, August 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of KBC Group from €73.00 ($74.49) to €63.00 ($64.29) in a research note on Friday, July 22nd. Finally, The Goldman Sachs Group assumed coverage on shares of KBC Group in a research note on Tuesday, May 31st. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, KBC Group presently has an average rating of “Hold” and a consensus target price of $65.62.
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.