KBC Group (OTCMKTS:KBCSY) Reaches New 52-Week High - Here's Why

KBC Group NV (OTCMKTS:KBCSY - Get Free Report)'s share price 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 changing hands. The stock had previously closed at $46.28.

Analysts Set New Price Targets

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

KBC Group Price Performance

The firm's 50 day moving average is $41.88 and its 200 day moving average is $39.08. The company has a market cap of $39.07 billion, a PE ratio of 10.40, a PEG ratio of 1.75 and a beta of 1.10.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.21. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. The company had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $2.96 billion. As a group, analysts anticipate that KBC Group NV will post 4.28 EPS for the current year.

About KBC Group

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.