KBC Group (OTCMKTS:KBCSY) Sets New 1-Year High – What’s Next?

KBC Group NV (OTCMKTS:KBCSY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $47.50 and last traded at $47.50, with a volume of 17182 shares. The stock had previously closed at $46.28.

Analyst Upgrades and Downgrades

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

KBC Group Price Performance

The stock has a market capitalization of $39.08 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10. The company has a 50-day simple moving average of $41.53 and a two-hundred day simple moving average of $38.97.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.26 by $0.21. The business had revenue of $3.13 billion during 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%. Research analysts anticipate 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.