KBC: UBS still a seller, cutting target price
(CercleFinance.com) - UBS reinstates its "sell" rating on KBC Group, having cut its target price from 52 euros to 48 euros, which now suggests downside potential of 22% for the Belgian bancassurance share.
After the publication of its Q4 2020 results and the group's presentation of new financial targets, the broker highlights
"Downside risks to consensus EPS and valuation premium".
The KBC share is currently up about 0.3%, in line with the Belgian stockmarket.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
After the publication of its Q4 2020 results and the group's presentation of new financial targets, the broker highlights
"Downside risks to consensus EPS and valuation premium".
The KBC share is currently up about 0.3%, in line with the Belgian stockmarket.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.