KBC Group (OTCMKTS:KBCSY) Sets New 1-Year High - Time to Buy?

Key Points

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KBC Group SA (OTCMKTS:KBCSY - Get Free Report)'s stock price hit a new 52-week high during mid-day 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

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

KBC Group Stock Up 1.0%

The firm has a 50-day moving average of $53.54 and a two-hundred day moving average of $48.45. The company has a market capitalization of $51.22 billion, a PE ratio of 12.88, a PEG ratio of 1.37 and a beta of 0.82.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.42 earnings per share for the quarter, beating 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%. Equities analysts predict 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.