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

Key Points

• KBC Group shares reached a new 52-week high of $54.15 during mid-day trading, reflecting significant investor interest and a trading volume of 1,071 shares.
• Recent analyst ratings show Royal Bank of Canada maintaining a "sector perform" rating, while Barclays downgraded the stock from "strong-buy" to "hold."
• KBC Group's latest quarterly earnings report highlighted an EPS of $0.69, exceeding the consensus estimate, although revenue of $2.39 billion fell short of analyst expectations of $3.03 billion.

Shares of KBC Group SA (OTCMKTS:KBCSY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $54.15 and last traded at $54.15, with a volume of 1071 shares. The stock had previously closed at $53.53.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KBCSY shares. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of KBC Group in a research report on Wednesday, April 23rd. Barclays downgraded KBC Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley restated an "overweight" rating on shares of KBC Group in a report on Thursday, July 10th.

KBC Group Stock Performance

The firm's 50-day moving average is $50.95 and its 200 day moving average is $46.57. The firm has a market capitalization of $45.30 billion, a P/E ratio of 11.92, a PEG ratio of 2.00 and a beta of 0.82.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $3.03 billion. KBC Group had a net margin of 14.27% and a return on equity of 14.50%. As a group, research analysts expect that KBC Group SA will post 4.28 EPS for the current fiscal 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.

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