KBC Group (OTCMKTS:KBCSY) Hits New 12-Month High – Still a Buy?

Shares of KBC Group SA (OTCMKTS:KBCSY) hit a new 52-week high during trading on Thursday . The company traded as high as $64.07 and last traded at $64.04, with a volume of 5189 shares changing hands. The stock had previously closed at $63.62.

Wall Street Analyst Weigh In

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

KBC Group Price Performance

The firm has a 50-day moving average of $60.31 and a 200-day moving average of $56.55. The stock has a market cap of $53.57 billion, a PE ratio of 12.80, a PEG ratio of 1.27 and a beta of 0.54.

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