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

Key Points

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KBC Group SA (OTCMKTS:KBCSY - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $60.69 and last traded at $60.69, with a volume of 367 shares. The stock had previously closed at $60.02.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays lowered shares of KBC Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 15th. Royal Bank Of Canada reissued a "sector perform" rating on shares of KBC Group in a research report on Friday, August 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of KBC Group in a report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of KBC Group in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, KBC Group has an average rating of "Hold".

KBC Group Trading Up 0.8%

The firm has a market cap of $50.52 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 1.35 and a beta of 0.82. The firm has a 50 day moving average price of $52.60 and a 200-day moving average price of $47.88.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.02. KBC Group had a return on equity of 14.85% and a net margin of 15.04%. As a group, equities analysts expect that KBC Group SA 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.

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