KBC Group (OTCMKTS:KBCSY) Sets New 1-Year High – Should You Buy?

Shares of KBC Group SA (OTCMKTS:KBCSY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $73.13 and last traded at $73.1185, with a volume of 1211 shares changing hands. The stock had previously closed at $72.63.

Wall Street Analyst Weigh In

Several analysts have weighed in on KBCSY shares. Citigroup reissued a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a research note on Monday, July 20th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, KBC Group presently has a consensus rating of “Hold”.

KBC Group Price Performance

The firm’s 50 day moving average is $68.05 and its 200 day moving average is $66.93. The company has a market capitalization of $61.42 billion, a PE ratio of 14.59, a P/E/G ratio of 0.94 and a beta of 0.59.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.05. KBC Group had a net margin of 14.98% and a return on equity of 13.15%. As a group, analysts predict that KBC Group SA will post 5.76 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.