KBC Group (OTCMKTS:KBCSY) Sets New 1-Year High - Here's Why

Key Points

• KBC Group's stock reached a new 52-week high of $58.97, reflecting a strong performance with 22,760 shares traded.
• Analyst ratings showcase some divergence, with Morgan Stanley maintaining an "overweight" rating while Barclays downgraded it from "strong-buy" to "hold."
• The company reported a quarterly earnings per share (EPS) of $1.42, surpassing expectations and indicating solid financial health with a net margin of 15.04% and a return on equity of 14.85%.

KBC Group SA (OTCMKTS:KBCSY - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $58.97 and last traded at $58.96, with a volume of 22760 shares traded. The stock had previously closed at $57.60.

Analyst Ratings Changes

KBCSY has been the topic of a number of research analyst reports. Morgan Stanley restated an "overweight" rating on shares of KBC Group in a report on Monday. Royal Bank Of Canada reiterated a "sector perform" rating on shares of KBC Group in a research note on Friday. Finally, Barclays lowered shares of KBC Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 15th.

KBC Group Trading Up 2.4%

The firm's 50 day simple moving average is $51.55 and its 200-day simple moving average is $47.15. The stock has a market capitalization of $49.24 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 2.16 and a beta of 0.82.

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

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