KBC Group NV (OTCMKTS:KBCSY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 6,200 shares, an increase of 82.4% from the December 15th total of 3,400 shares. Based on an average trading volume of 108,300 shares, the days-to-cover ratio is presently 0.1 days.
A number of research firms have issued reports on KBCSY. UBS Group downgraded KBC Group from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 5th. Zacks Investment Research raised KBC Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, January 8th. ValuEngine downgraded KBC Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 8th. Finally, Credit Suisse Group cut KBC Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $41.00.
Shares of KBCSY opened at $37.31 on Thursday. KBC Group has a 1 year low of $18.29 and a 1 year high of $39.66. The stock has a market capitalization of $31.09 billion, a PE ratio of 17.60 and a beta of 1.53. The stock has a 50-day simple moving average of $36.10 and a 200-day simple moving average of $30.31.
About KBC Group
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; cash management, payments, trade finance, lease, money market, capital market products, stockbroking and corporate finance services.
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