KBC Group (OTCMKTS:KBCSY) Hits New 1-Year High – Here’s What Happened

KBC Group NV (OTCMKTS:KBCSY) hit a new 52-week high on Wednesday . The stock traded as high as $44.12 and last traded at $43.79, with a volume of 15040 shares. The stock had previously closed at $42.91.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of KBC Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 17th.

KBC Group Price Performance

The stock has a 50 day moving average of $39.23 and a two-hundred day moving average of $38.15. The stock has a market capitalization of $36.56 billion, a PE ratio of 9.73, a P/E/G ratio of 1.75 and a beta of 1.12.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.21. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $2.96 billion. As a group, research analysts predict that KBC Group NV 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.