KBC Group (OTCMKTS:KBCSY) Sets New 1-Year High – What’s Next?

KBC Group SA (OTCMKTS:KBCSY) hit a new 52-week high on Wednesday . The company traded as high as $65.5120 and last traded at $64.95, with a volume of 71990 shares changing hands. The stock had previously closed at $64.76.

Wall Street Analyst Weigh In

KBCSY has been the subject of several recent research reports. Citigroup reiterated a “neutral” rating on shares of KBC Group in a report on Monday, November 24th. Zacks Research cut KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a report on Monday, November 17th. Barclays cut KBC Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of KBC Group in a research report on Friday, November 14th. 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

KBC Group Trading Up 0.3%

The firm has a market capitalization of $54.24 billion, a PE ratio of 12.96, a P/E/G ratio of 1.31 and a beta of 0.54. The firm has a 50 day simple moving average of $60.72 and a 200 day simple moving average of $57.03.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings results on Thursday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. KBC Group had a return on equity of 14.53% and a net margin of 15.91%.The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.54 billion. Research analysts forecast that KBC Group SA will post 4.28 earnings per share for the current 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.