KBC Groupe NV : Close to a key level on the weekly chart
| Entry price | Target | Stop-loss | Potential |
|---|
|
€70.94 |
€75.4 |
€68.7 |
+6.29% |
|---|
KBC Groupe shares are sitting close to an important technical support area around 69.87 EUR based on weekly price data. Against this backdrop, investors can use this good timing for new long positions.
Strengths● The share is getting closer to its long-term support in weekly data, at EUR 69.87, which offers good timing for buyers.
● The group's activity appears highly profitable thanks to its outperforming net margins.
● With a P/E ratio at 11.7 for the current year and 11.85 for next year, earnings multiples are highly attractive compared with competitors.
● This company will be of major interest to investors in search of a high dividend stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 69.87 EUR
● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
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KBC GROUPE NV 
