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

Shares of KBC Group SA (OTCMKTS:KBCSY) reached a new 52-week high during trading on Wednesday . The company traded as high as $71.78 and last traded at $71.66, with a volume of 23360 shares. The stock had previously closed at $69.10.

Wall Street Analysts Forecast Growth

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

KBC Group Stock Up 0.3%

The firm has a 50 day moving average of $65.37 and a 200 day moving average of $60.67. The firm has a market cap of $59.24 billion, a PE ratio of 14.16, a P/E/G ratio of 1.07 and a beta of 0.54.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings data on Thursday, November 13th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.06. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.54 billion. KBC Group had a return on equity of 13.96% and a net margin of 15.91%. On average, research analysts anticipate that KBC Group SA will post 4.28 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.