DBS Group (OTCMKTS:DBSDY) Hits New 52-Week High – Should You Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDYGet Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $243.04 and last traded at $238.79, with a volume of 7536 shares changing hands. The stock had previously closed at $240.45.

Analysts Set New Price Targets

DBSDY has been the topic of several analyst reports. Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a report on Thursday, April 30th. Zacks Research raised shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Read Our Latest Analysis on DBS Group

DBS Group Price Performance

The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average is $220.70 and its 200-day moving average is $196.56.

DBS Group Company Profile

(Get Free Report)

DBS Group (OTCMKTS: DBSDY) is a Singapore-based financial services group headquartered in Marina Bay, Singapore. Established in 1968 as the Development Bank of Singapore, the group has grown into one of the region’s largest banks, offering a broad range of banking and financial services to retail, corporate and institutional clients.

DBS’s main business activities include consumer and private banking, corporate and investment banking, treasury and markets, securities brokerage, and asset and wealth management.

Further Reading

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