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

KBC Group SA (OTCMKTS:KBCSY)’s share price reached a new 52-week high on Thursday . The stock traded as high as $78.02 and last traded at $77.69, with a volume of 10790 shares changing hands. The stock had previously closed at $77.56.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KBCSY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of KBC Group in a report on Monday, August 10th. Citigroup reiterated a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, KBC Group has a consensus rating of “Hold”.

KBC Group Stock Down 0.3%

The company’s 50 day moving average is $71.27 and its 200 day moving average is $67.61. The firm has a market capitalization of $63.87 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 0.97 and a beta of 0.59.

KBC Group (OTCMKTS:KBCSY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.05. The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.83 billion. KBC Group had a net margin of 15.58% and a return on equity of 13.48%. On average, analysts expect that KBC Group SA will post 5.85 EPS for the current year.

About KBC Group

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.