Jefferies starts coverage of KBC Group stock with Buy rating

Published on 10/09/2026 at 11:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies set a EUR 155.00 target on September 15, 2026. KBC Group stock costs EUR 121.85 on October 9, 2026, down 0.65 percent versus its prior close.

Key points in brief

Jefferies initiated coverage with a Buy rating and a EUR 155.00 target on September 15, 2026.
KBC raised 2026 net interest income guidance to EUR 7.05 billion from at least EUR 6.725 billion.
KBC Group stock was at EUR 121.85 at Lang & Schwarz on October 9, 2026, down 0.65 percent from EUR 122.65.
KBC reported EUR 1.152 billion in second-quarter net profit and an 18.00 percent return on tangible equity.

3D-Architektur-Render eines modernen gläsernen Bürohochhauses mit Wasserbecken — Architektur-Render eines gläsernen Bürohochhauses, symbolisch für KBC Group NV, ISIN BE0003565737, Bankwesen Belgien, Illustration mit AI erstellt.

KBC Group (ISIN BE0003565737) was at EUR 121.85 at Lang & Schwarz on October 9, 2026, while Jefferies coverage gave the Belgian bank a new analyst reference point. The firm initiated coverage with a Buy rating and a EUR 155.00 price target on September 15, 2026, according to Markets Insider. The target is a third-party assessment, not a forecast made by this article.

Three dates define the story

KBC reported EUR 1.152 billion in net profit and an 18.00 percent return on tangible equity for the second quarter on August 6, 2026, as reported by Investing.com. Jefferies then began coverage with its Buy rating and EUR 155.00 target on September 15, 2026, according to Markets Insider. On October 7, 2026, KBC updated 2026 net interest income guidance to EUR 7.05 billion from at least EUR 6.725 billion and total income growth to 11.00 percent from 9.90 percent, according to Simply Wall St.

What does the guidance change mean?

The stated net interest income figures imply a EUR 325.00 million increase between the earlier minimum and the updated level. The total income comparison also moved from 9.90 percent growth to 11.00 percent, giving investors two quantified measures for the revised 2026 outlook.

Next corporate date

KBC plans the legal merger of 365.bank and CSOB for November 1, 2026, with activities transferred to CSOB, according to MarketScreener. The date adds an operational milestone to the earnings and guidance timeline.

Stock price and investor context

At 11:36 a.m. CEST on October 9, 2026, KBC Group was trading at EUR 121.85 at Lang & Schwarz, down 0.65 percent versus the prior close of EUR 122.65 on October 8, 2026. The current market picture therefore sits alongside a EUR 155.00 Jefferies target and the revised 2026 income figures, with the two reference points reflecting different purposes.

The further course of trading is shown by the continuously updated real-time quote of KBC Group stock.