KBC Group (OTCMKTS:KBCSY) Hits New 52-Week High – Should You Buy?

KBC Group SA (OTCMKTS:KBCSY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $65.5120 and last traded at $64.95, with a volume of 71990 shares trading hands. The stock had previously closed at $64.76.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a report on Friday, November 14th. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a research note on Monday, November 17th. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research note on Monday, November 24th. Zacks Research cut KBC Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, Barclays cut KBC Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

KBC Group Stock Down 0.7%

The stock’s 50-day moving average price is $61.02 and its 200 day moving average price is $57.15. The firm has a market capitalization of $54.34 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.33 and a beta of 0.54.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings data on Thursday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.06. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.54 billion. KBC Group had a net margin of 15.91% and a return on equity of 13.96%. On average, sell-side analysts anticipate that KBC Group SA will post 4.28 earnings per share for the current 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.