KBC Group (OTCMKTS:KBCSY) Sets New 52-Week High – Should You Buy?

KBC Group SA (OTCMKTS:KBCSY) shares reached a new 52-week high during trading on Monday . The company traded as high as $72.56 and last traded at $72.56, with a volume of 3602 shares traded. The stock had previously closed at $71.31.

Analyst Ratings Changes

KBCSY has been the topic of a number of recent analyst reports. Barclays downgraded shares of 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 report on Monday, November 17th. Citigroup reiterated a “neutral” rating on shares of KBC Group in a report on Monday, November 24th. Finally, Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a research note on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, KBC Group presently has an average rating of “Hold”.

KBC Group Stock Up 0.7%

The firm’s fifty day simple moving average is $67.01 and its 200-day simple moving average is $61.89. The firm has a market capitalization of $60.38 billion, a PE ratio of 14.43, a PEG ratio of 1.08 and a beta of 0.54.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings results on Thursday, November 13th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.54 billion. KBC Group had a return on equity of 13.96% and a net margin of 15.91%. As a group, analysts predict that KBC Group SA will post 4.28 earnings per share 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.