KBC Group (OTCMKTS:KBCSY) Shares Pass Above 50 Day Moving Average – Time to Sell?

KBC Group SA (OTCMKTS:KBCSY) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $67.37 and traded as high as $69.6520. KBC Group shares last traded at $68.74, with a volume of 15,715 shares trading hands.

Analysts Set New Price Targets

KBCSY has been the topic of several analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a report on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of KBC Group in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

KBC Group Trading Up 1.1%

The company has a 50 day moving average of $67.63 and a 200 day moving average of $66.81. The firm has a market cap of $60.08 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 0.88 and a beta of 0.60.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.07). The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. KBC Group had a return on equity of 13.15% and a net margin of 14.98%. As a group, sell-side analysts anticipate that KBC Group SA will post 5.76 EPS for the current fiscal year.

About KBC Group

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.