City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) traded down 11.4% during mid-day trading on Monday . The company traded as low as $5.75 and last traded at $5.75. 1,859 shares traded hands during trading, a decline of 80% from the average session volume of 9,332 shares. The stock had previously closed at $6.49.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group raised shares of City Developments from a “strong sell” rating to a “buy” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.
View Our Latest Research Report on City Developments
City Developments Price Performance
About City Developments
City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.
The company’s core activities include property development, investment and management.
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