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

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup reissued a “neutral” rating on shares of KBC Group in a report on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a research note on Monday. One equities 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. According to MarketBeat, the stock currently has an average rating of “Hold”.

KBC Group Trading Up 0.9%

The business’s 50-day simple moving average is $69.05 and its two-hundred day simple moving average is $67.17. The firm has a market cap of $62.88 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 0.94 and a beta of 0.59.

KBC Group (OTCMKTS:KBCSY) last announced its earnings results on Thursday, August 6th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. KBC Group had a net margin of 15.58% and a return on equity of 13.48%. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.83 billion. On average, analysts forecast that KBC Group SA will post 5.85 earnings per share 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.