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

KBC Group NV (OTCMKTS:KBCSY) shares reached a new 52-week high 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.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KBCSY. Barclays raised KBC Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of KBC Group in a research note on Friday, March 7th.

KBC Group Stock Performance

The company’s 50 day moving average price is $41.53 and its 200-day moving average price is $38.97. The company has a market cap of $39.08 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.75 and a beta of 1.10.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.21. The firm 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%. As a group, sell-side analysts forecast that KBC Group NV 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.