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BNP Paribas has downgraded KBC Group (OTCMKTS:KBCSY) to Underperform.

BNP Paribas has downgraded KBC Group (OTCMKTS:KBCSY) to Underperform.

On Wednesday, research analysts at BNP Paribas changed their recommendation for KBC Group (OTCMKTS: KBCSY), moving it from “neutral” to “underperform,” as reported by Briefing.com.
In addition, KBCSY has been the focus of a considerable investigation as part of a wide range of other research projects.
JPMorgan Chase & Co. stated in a research note released on Wednesday, December 7th, that they have decreased their target price on KBC Group shares from €64.00 ($68.09) to €58.00 ($61.70). In a research note distributed on November 15th, 2017, by Morgan Stanley, they announced that they were increasing their price target on KBC Group. The previous price target was $69.00 (€69.00), corresponding to $73.40. The new price target is €70.00 (or $74.47), an increase from the previous price target. Barclays increased KBC Group’s target price in a research note published on November 2nd. The new price target is €61.00 ($64.89), up from the previous price target of €59.90 ($63.72), and the company was given an “underweight” rating. Deutsche Bank Aktiengesellschaft, in a research report published on Monday, November 14th, increased their price target on KBC Group, moving it up from €67.00 to €68.00 ($72.34), moving it up from the previous level of €67.00. The company’s stock has received one buy rating, two sell ratings, five hold ratings, and six hold ratings from analysts. The average rating for this company is “Hold,” and the stock’s consensus target price is currently $68.83. This information was gleaned from the statistics database that can be found on Bloomberg.com.
On Wednesday, the price of a share of KBCSY stock was $32.82, an increase from the previous day. The company’s moving averages for the past 50 days are currently sitting at $28.35, and the moving average for the past 200 days is currently at $26.56. KBC Group is currently trading at $48.17, their one-year high, while they are trading at $22.72, their one-year low. The company’s market valuation comes in at $27.38 billion, which can be attributed in part to the company’s PE ratio of 9.74, its EG ratio of 1.51, and its beta value of 1.12.
KBC Group NV and its subsidiaries provide clients with banking and insurance services integrated into one package. Customers of retail establishments, customers of private banks, small and medium-sized businesses, and mid-cap companies are the primary target markets for these services. In addition to credit, investment funds, asset management, life, and non-life insurance, home and mortgage loans, consumer finance and SME funding services, trade finance, leasing, money market products, capital market products, and stock brokering services, some the products and services that can be obtained include deposits on demand and savings accounts. Other products and services can be obtained include deposits on demand and stock brokering services.

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