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

Shares of KBC Group SA (OTCMKTS:KBCSY) gapped up before the market opened on Tuesday. The stock had previously closed at $64.73, but opened at $68.22. KBC Group shares last traded at $68.3590, with a volume of 2,704 shares trading hands.

Analysts Set New Price Targets

KBCSY has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a research note on Monday, August 10th. Citigroup upgraded KBC Group from a “hold” rating to a “buy” rating in a report on Thursday, October 22nd. Finally, Jefferies Financial Group started coverage on KBC Group in a research note on Wednesday, September 16th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, KBC Group presently has an average rating of “Hold”.

KBC Group Trading Down 0.1%

The stock has a market cap of $56.71 billion, a PE ratio of 12.91, a P/E/G ratio of 0.87 and a beta of 0.67. The business’s 50-day moving average price is $70.58 and its 200-day moving average price is $68.56.

About KBC Group

KBC Group is a Belgium-based financial services group that combines banking and insurance. It serves individuals, businesses and institutional clients through retail and commercial banking, private banking, insurance, and related financial services. The group’s core markets include Belgium and several Central and Eastern European countries, including the Czech Republic, Slovakia, Hungary and Bulgaria. Its offerings include deposit and lending products, payment services, investment and wealth-management services, and life and non-life insurance, delivered through branches and digital channels.