KBC Group (OTCMKTS:KBCSY) Hits New 52-Week High – What’s Next?

KBC Group SA (OTCMKTS:KBCSY) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $73.13 and last traded at $73.1185, with a volume of 1211 shares changing hands. The stock had previously closed at $72.63.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KBCSY. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a research note on Monday, July 20th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

KBC Group Trading Up 0.2%

The stock has a 50 day simple moving average of $67.78 and a 200 day simple moving average of $66.85. The firm has a market capitalization of $60.79 billion, a PE ratio of 14.44, a PEG ratio of 0.93 and a beta of 0.59.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.07). KBC Group had a net margin of 14.98% and a return on equity of 13.15%. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.79 billion. As a group, equities analysts anticipate that KBC Group SA will post 5.76 earnings per share for the current year.

About KBC Group

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.