KBC Group (OTCMKTS:KBCSY) Sets New 1-Year High – Should You Buy?

KBC Group SA (OTCMKTS:KBCSY) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $74.44 and last traded at $74.42, with a volume of 393 shares traded. The stock had previously closed at $73.22.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a report on Monday. Citigroup reissued a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. 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, the stock has a consensus rating of “Hold”.

KBC Group Price Performance

The firm has a market cap of $62.27 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 0.94 and a beta of 0.59. The firm has a 50 day moving average price of $68.66 and a 200-day moving average price of $67.08.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.83 billion. KBC Group had a return on equity of 13.48% and a net margin of 15.58%. On average, sell-side analysts expect that KBC Group SA will post 5.79 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.