Stock market view: Credit Suisse raises KBC target price

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KBC Group (Feb. 14)

EUR 72,460
-0.700
(-0.96%)

(ABM FN) On Friday, Credit Suisse raised the price target for KBC from 75.00 to 78.00 euros with unchanged Outperform advice.

According to the Swiss bank, the outlook for KBC remains strong compared to other sector peers. The appraisals of Credit Suisse are also in line with the consensus.

Credit Suisse expects that a favorable mix, amid low interest rates and a strong balance sheet, will lead to superior performance in 2020.

The Swiss bank also emphasized that KBC will review the payout ratio for the dividend in June. KBC is currently paying everything above the so-called 15.7 percent reference capital position, but this percentage may be lowered.

The KBC share was 0.1 percent higher on Friday at 73.24 euros

ABMFNABM Financial News; [email protected]; Editorial staff: +31 (0) 20 26 28 999.

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