KBC Group (OTCMKTS:KBCSY) Reaches New 12-Month High – Time to Buy?

KBC Group SA (OTCMKTS:KBCSY)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $67.19 and last traded at $66.90, with a volume of 13863 shares changing hands. The stock had previously closed at $66.87.

Analysts Set New Price Targets

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

KBC Group Trading Up 0.0%

The firm has a market capitalization of $55.88 billion, a PE ratio of 13.35, a P/E/G ratio of 1.20 and a beta of 0.54. The company has a fifty day moving average price of $63.57 and a two-hundred day moving average price of $59.37.

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