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

KBC Group SA (OTCMKTS:KBCSY)’s share price reached a new 52-week high on Monday . The company traded as high as $61.95 and last traded at $61.95, with a volume of 695 shares. The stock had previously closed at $60.68.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KBCSY shares. Morgan Stanley reiterated an “overweight” rating on shares of KBC Group in a report on Wednesday, October 8th. Zacks Research cut shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of KBC Group in a research note on Tuesday, August 12th. Finally, Barclays cut KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

KBC Group Stock Performance

The business has a fifty day moving average price of $59.07 and a 200 day moving average price of $54.30. The company has a market capitalization of $51.69 billion, a PE ratio of 13.00, a P/E/G ratio of 1.36 and a beta of 0.80.

KBC Group (OTCMKTS:KBCSY) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.02. KBC Group had a return on equity of 14.18% and a net margin of 15.04%. Research analysts forecast that KBC Group SA will post 4.28 earnings per share for the current fiscal 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.