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

KBC Group SA (OTCMKTS:KBCSY) hit a new 52-week high on Friday . The company traded as high as $76.63 and last traded at $76.63, with a volume of 530 shares traded. The stock had previously closed at $75.22.

Analyst Upgrades and Downgrades

KBCSY has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Wednesday, July 22nd. Royal Bank Of Canada restated a “sector perform” rating on shares of KBC Group in a research note on Monday, August 10th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, KBC Group currently has an average rating of “Hold”.

KBC Group Trading Up 1.9%

The firm has a market cap of $64.01 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 0.95 and a beta of 0.59. The stock’s 50 day moving average is $70.14 and its 200 day moving average is $67.34.

KBC Group (OTCMKTS:KBCSY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. KBC Group had a return on equity of 13.48% and a net margin of 15.58%.The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.83 billion. On average, equities research analysts predict that KBC Group SA will post 5.85 EPS for the current 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.