KBC Group (OTCMKTS:KBCSY) Hits New 1-Year High – Still a Buy?

KBC Group SA (OTCMKTS:KBCSY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $71.78 and last traded at $71.66, with a volume of 23360 shares. The stock had previously closed at $69.10.

Analyst Ratings Changes

Several research firms have issued reports 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. Morgan Stanley reaffirmed an “overweight” rating on shares of KBC Group in a research report on Friday, November 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a research report on Monday, November 17th. Barclays downgraded shares of KBC Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Finally, Citigroup reiterated a “neutral” rating on shares of KBC Group in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

KBC Group Price Performance

The stock has a market cap of $59.86 billion, a PE ratio of 14.30, a P/E/G ratio of 1.04 and a beta of 0.54. The business has a fifty day moving average of $64.93 and a 200 day moving average of $60.53.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings results on Thursday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.06. KBC Group had a net margin of 15.91% and a return on equity of 13.96%. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.54 billion. On average, equities research analysts expect that KBC Group SA will post 4.28 EPS 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.