KBC Group (OTCMKTS:KBCSY) Reaches New 12-Month High – Here’s Why

KBC Group SA (OTCMKTS:KBCSY) shares hit a new 52-week high during trading on Monday . The company traded as high as $61.62 and last traded at $61.58, with a volume of 1658 shares trading hands. The stock had previously closed at $61.33.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of KBC Group in a research report on Tuesday, August 12th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a report on Friday, August 8th. Barclays cut KBC Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 15th. Finally, Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

KBC Group Stock Performance

The stock has a fifty day simple moving average of $53.54 and a 200-day simple moving average of $48.51. The stock has a market cap of $51.00 billion, a P/E ratio of 12.83, a PEG ratio of 1.37 and a beta of 0.82.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.02. KBC Group had a return on equity of 14.85% and a net margin of 15.04%. On average, research analysts anticipate that KBC Group SA will post 4.28 earnings per share for the current year.

About KBC Group

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.