KBC Group (OTCMKTS:KBCSY) Reaches New 52-Week High – Here’s Why

KBC Group SA (OTCMKTS:KBCSY)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $68.55 and last traded at $68.24, with a volume of 2368 shares trading hands. The stock had previously closed at $67.80.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KBCSY. Morgan Stanley reaffirmed an “overweight” rating on shares of KBC Group in a research report on Friday, November 14th. Zacks Research lowered KBC Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Barclays downgraded KBC Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a research note on Monday, November 17th. Finally, Citigroup restated a “neutral” rating on shares of KBC Group in a report on Monday, November 24th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

KBC Group Trading Down 0.5%

The firm has a market cap of $57.08 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 1.21 and a beta of 0.54. The company has a 50 day moving average of $64.54 and a 200 day moving average of $60.18.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings results on Thursday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.06. KBC Group had a return on equity of 13.96% and a net margin of 15.91%.The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.54 billion. As a group, sell-side analysts anticipate that KBC Group SA will post 4.28 EPS for the current fiscal year.

KBC Group Company Profile

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.