KBC Group (OTCMKTS:KBCSY) Sets New 1-Year High – Should You Buy?

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

Wall Street Analysts Forecast Growth

KBCSY has been the topic of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a report on Monday. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

KBC Group Stock Up 1.5%

The company has a market capitalization of $62.27 billion, a P/E ratio of 14.17, a PEG ratio of 0.94 and a beta of 0.59. The stock has a fifty day simple moving average of $68.66 and a 200-day simple moving average of $67.08.

KBC Group (OTCMKTS:KBCSY) last posted its earnings results on Thursday, August 6th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.05. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.83 billion. KBC Group had a net margin of 15.58% and a return on equity of 13.48%. Analysts predict that KBC Group SA will post 5.79 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.