KBC Group (OTCMKTS:KBCSY) Shares Cross Below 50-Day Moving Average – Should You Sell?

KBC Group SA (OTCMKTS:KBCSY)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $64.65 and traded as low as $62.94. KBC Group shares last traded at $63.07, with a volume of 22,047 shares changing hands.

Analysts Set New Price Targets

KBCSY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of KBC Group in a report on Tuesday, February 24th. Zacks Research cut shares of KBC Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Finally, Citigroup restated a “neutral” rating on shares of KBC Group in a report on Friday. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, KBC Group has a consensus rating of “Hold”.

KBC Group Trading Down 3.1%

The firm’s fifty day moving average price is $64.65 and its 200-day moving average price is $65.23. The firm has a market cap of $52.68 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.88 and a beta of 0.60.

KBC Group (OTCMKTS:KBCSY) last issued its earnings results 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). KBC Group had a net margin of 14.98% and a return on equity of 13.51%. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.79 billion. On average, sell-side analysts expect that KBC Group SA will post 5.88 earnings per share for the current year.

KBC Group Company Profile

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.