KBC Group (OTCMKTS:KBCSY) Hits New 52-Week High – Still a Buy?

Shares of KBC Group NV (OTCMKTS:KBCSY) hit a new 52-week high during trading on Tuesday . The company traded as high as $44.27 and last traded at $43.70, with a volume of 18742 shares traded. The stock had previously closed at $43.25.

Wall Street Analysts Forecast Growth

Separately, Barclays raised KBC Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 17th.

KBC Group Trading Up 1.0 %

The company’s fifty day simple moving average is $39.67 and its 200-day simple moving average is $38.33. The stock has a market cap of $36.49 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 1.75 and a beta of 1.12.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.21. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $2.96 billion. As a group, analysts expect that KBC Group NV will post 4.28 earnings per share for the current fiscal year.

KBC Group Company Profile

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.