KBC Group (OTCMKTS:KBCSY) Hits New 52-Week High – Here’s Why

Shares of KBC Group SA (OTCMKTS:KBCSY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $76.63 and last traded at $76.63, with a volume of 530 shares. The stock had previously closed at $75.22.

Wall Street Analysts Forecast Growth

KBCSY has been the topic of a number of research reports. Citigroup restated a “neutral” rating on shares of KBC Group in a report on Wednesday, July 22nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

KBC Group Price Performance

The stock’s 50-day moving average price is $70.14 and its 200 day moving average price is $67.34. The firm has a market cap of $64.01 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 0.95 and a beta of 0.59.

KBC Group (OTCMKTS:KBCSY) last released its earnings results on Thursday, August 6th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. KBC Group had a net margin of 15.58% and a return on equity of 13.48%. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.83 billion. As a group, analysts forecast that KBC Group SA will post 5.85 EPS 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.