KBC Group (OTCMKTS:KBCSY) Reaches New 1-Year High – Here’s Why

KBC Group SA (OTCMKTS:KBCSY)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $72.35 and last traded at $72.30, with a volume of 15442 shares trading hands. The stock had previously closed at $70.44.

Analyst Ratings Changes

Several analysts have recently commented on KBCSY shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a report on Monday, November 17th. Citigroup reiterated a “neutral” rating on shares of KBC Group in a research note on Monday, November 24th. Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a research report on Friday, November 14th. Barclays lowered KBC Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. Finally, Zacks Research downgraded KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. One investment 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’s stock. According to data from MarketBeat, KBC Group presently has an average rating of “Hold”.

KBC Group Trading Up 2.6%

The stock’s 50-day moving average price is $65.79 and its two-hundred day moving average price is $61.08. The stock has a market capitalization of $60.39 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.06 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 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. KBC Group had a net margin of 15.91% and a return on equity of 13.96%. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.54 billion. On average, 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.