KBC Group (OTCMKTS:KBCSY) Hits New 12-Month High – Time to Buy?

KBC Group NV (OTCMKTS:KBCSY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $47.89 and last traded at $47.77, with a volume of 21151 shares. The stock had previously closed at $47.26.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays raised KBC Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 17th. Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a report on Friday, March 7th.

KBC Group Price Performance

The firm’s 50 day simple moving average is $42.08 and its 200-day simple moving average is $39.18. The company has a market cap of $39.89 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.75 and a beta of 1.10.

KBC Group (OTCMKTS:KBCSY) last announced its earnings results on Thursday, February 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.21. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $2.96 billion. KBC Group had a return on equity of 14.40% and a net margin of 13.32%. On average, analysts forecast that KBC Group NV will post 4.28 EPS 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.