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

KBC Group SA (OTCMKTS:KBCSY) shares 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 changing hands.

Analyst Ratings Changes

A number of research firms have weighed in on KBCSY. Citigroup upgraded KBC Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 22nd. Jefferies Financial Group assumed coverage on shares of KBC Group in a research note on Wednesday, September 16th. They set a “buy” rating for the company. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of KBC Group in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

KBC Group Stock Down 0.1%

The firm has a 50 day moving average of $70.58 and a 200-day moving average of $68.56. The company has a market cap of $56.71 billion, a P/E ratio of 12.91, a PEG ratio of 0.87 and a beta of 0.67.

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.