KBC Group NV (OTCMKTS:KBCSY) Given Consensus Rating of “Hold” by Analysts

Shares of KBC Group NV (OTCMKTS:KBCSYGet Rating) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $69.83.

KBCSY has been the topic of several recent research reports. Barclays lifted their price target on KBC Group from €59.90 ($61.75) to €61.00 ($62.89) and gave the company an “underweight” rating in a research note on Wednesday, November 2nd. JPMorgan Chase & Co. dropped their price target on KBC Group from €67.00 ($69.07) to €64.00 ($65.98) in a research note on Wednesday, September 7th. Deutsche Bank Aktiengesellschaft lifted their price target on KBC Group from €67.00 ($69.07) to €68.00 ($70.10) in a research note on Monday. Finally, Morgan Stanley raised their price objective on KBC Group from €69.00 ($71.13) to €70.00 ($72.16) in a report on Tuesday.

KBC Group Price Performance

KBCSY opened at $25.98 on Thursday. The business’s 50-day moving average price is $25.13 and its two-hundred day moving average price is $26.89. KBC Group has a 1 year low of $22.72 and a 1 year high of $48.17. The company has a market capitalization of $21.66 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 1.35 and a beta of 1.20.

KBC Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a dividend of $0.3034 per share. This represents a yield of 12.14%. The ex-dividend date of this dividend is Monday, November 14th. KBC Group’s payout ratio is currently 18.10%.

KBC Group Company Profile

(Get Rating)

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.

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Analyst Recommendations for KBC Group (OTCMKTS:KBCSY)

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