City Developments (OTCMKTS:CDEVY) Reaches New 12-Month High – Time to Buy?

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.2184 and last traded at $7.2184, with a volume of 2489 shares trading hands. The stock had previously closed at $7.1950.

Analysts Set New Price Targets

Separately, Dbs Bank raised City Developments to a “moderate buy” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

View Our Latest Analysis on CDEVY

City Developments Price Performance

The stock’s 50-day simple moving average is $6.00 and its 200 day simple moving average is $5.44.

About City Developments

(Get Free Report)

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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