KBC Group (OTCMKTS:KBCSY) Reaches New 12-Month High – Should You Buy?

Shares of KBC Group NV (OTCMKTS:KBCSY) hit a new 52-week high on Tuesday . The company traded as high as $47.89 and last traded at $47.77, with a volume of 21151 shares trading hands. The stock had previously closed at $47.26.

Wall Street Analyst Weigh In

KBCSY has been the topic of a number of research reports. Morgan Stanley reiterated an “overweight” rating on shares of KBC Group in a report on Friday, March 7th. Barclays upgraded KBC Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 17th.

KBC Group Stock Up 0.7 %

The company’s fifty day moving average is $42.47 and its two-hundred day moving average is $39.31. The stock has a market cap of $39.51 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.75 and a beta of 1.10.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.21. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $2.96 billion. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. Sell-side analysts predict that KBC Group NV 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.