DBS Group (OTCMKTS:DBSDY) Reaches New 52-Week High – Time to Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDYGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $244.19 and last traded at $240.15, with a volume of 4113 shares traded. The stock had previously closed at $237.63.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DBSDY. Zacks Research upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Macquarie Infrastructure raised shares of DBS Group to a “hold” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Get Our Latest Analysis on DBSDY

DBS Group Stock Performance

The business’s 50 day simple moving average is $224.00 and its two-hundred day simple moving average is $198.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

About DBS Group

(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.

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