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

KBC Group SA (OTCMKTS:KBCSY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.93 and last traded at $66.90, with a volume of 1906 shares trading hands. The stock had previously closed at $66.79.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of KBC Group in a research report on Friday, November 14th. Barclays cut shares of KBC Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a research report on Monday, November 17th. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Monday, November 24th. Finally, Zacks Research downgraded KBC Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

KBC Group Price Performance

The business’s fifty day simple moving average is $63.02 and its 200 day simple moving average is $58.83. The stock has a market cap of $55.84 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 1.20 and a beta of 0.54.

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