Shares of City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) traded up 11.8% during mid-day trading on Wednesday . The company traded as high as $6.24 and last traded at $6.24. Approximately 260 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 8,779 shares. The stock had previously closed at $5.58.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded City Developments from a “strong sell” rating to a “buy” rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Check Out Our Latest Stock Analysis on City Developments
City Developments Price Performance
City Developments Company Profile
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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