KBC Group (OTCMKTS:KBCSY) Reaches New 12-Month High - Here's Why

Key Points

• KBC Group's shares reached a new 12-month high at $61.62, reflecting a notable trading volume of 1,658 shares.
• Recent equity research ratings include a consensus of "Hold," with one analyst giving a "Buy" rating and three others maintaining a "Hold" opinion.
• The company reported quarterly earnings of $1.42 per share, exceeding analysts' estimates and demonstrating a return on equity of 14.85%.

KBC Group SA (OTCMKTS:KBCSY - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $61.62 and last traded at $61.58, with a volume of 1658 shares trading hands. The stock had previously closed at $61.33.

Wall Street Analysts Forecast Growth

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

KBC Group Stock Performance

The stock has a fifty day simple moving average of $53.54 and a 200-day simple moving average of $48.51. The stock has a market cap of $51.00 billion, a P/E ratio of 12.83, a PEG ratio of 1.37 and a beta of 0.82.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts anticipate that KBC Group SA will post 4.28 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.