DBS Group (OTCMKTS:DBSDY) Sees Strong Trading Volume – Still a Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDYGet Free Report) saw an uptick in trading volume on Thursday . Approximately 91,416 shares traded hands during mid-day trading, an increase of 83% from the previous session’s volume of 50,086 shares.The stock last traded at $240.9350 and had previously closed at $240.17.

Analysts Set New Price Targets

Separately, Zacks Research upgraded DBS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Get Our Latest Stock Analysis on DBSDY

DBS Group Trading Down 0.4%

The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.83. The business has a fifty day moving average price of $236.18 and a 200 day moving average price of $205.19.

DBS Group Company Profile

(Get Free Report)

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank. Established in 1968 as the Development Bank of Singapore, the group has grown into a major banking organization serving individuals, businesses and institutions across Asia.

DBS provides consumer and institutional banking services, including deposits, mortgages, personal and business loans, payments, cash management, trade finance and corporate lending. Its wealth management business offers investment products, advisory services and private banking, while its treasury and markets operations provide foreign exchange, fixed-income, capital-markets and related services.

Further Reading

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