KBC Group (OTCMKTS:KBCSY) Sets New 52-Week High – Still a Buy?

Shares of KBC Group NV (OTCMKTS:KBCSY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $47.50 and last traded at $47.50, with a volume of 17182 shares. The stock had previously closed at $46.28.

Analyst Ratings Changes

Several research firms have recently issued reports on KBCSY. Morgan Stanley restated an “overweight” rating on shares of KBC Group in a report on Friday, March 7th. Barclays upgraded KBC Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 17th.

KBC Group Stock Up 2.6 %

The firm has a market cap of $39.67 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.75 and a beta of 1.10. The firm has a fifty day moving average price of $41.18 and a 200-day moving average price of $38.85.

KBC Group (OTCMKTS:KBCSY) last issued its earnings results on Thursday, February 13th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.21. KBC Group had a return on equity of 14.40% and a net margin of 13.32%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Equities research analysts anticipate that KBC Group NV will post 4.28 earnings per share for the current fiscal year.

KBC Group Company Profile

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.