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

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 share 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. The stock had previously closed at $57.60.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KBCSY. Morgan Stanley reiterated an "overweight" rating on shares of KBC Group in a report on Monday. Barclays cut KBC Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 15th. Royal Bank Of Canada restated a "sector perform" rating on shares of KBC Group in a report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of KBC Group in a report on Tuesday.

KBC Group Stock Performance

The company has a 50 day simple moving average of $52.40 and a two-hundred day simple moving average of $47.61. The firm has a market cap of $50.40 billion, a PE ratio of 12.68, a P/E/G ratio of 1.35 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, topping analysts' consensus estimates 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, research analysts predict that KBC Group SA will post 4.28 earnings per share 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.