Shares of City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) saw strong trading volume on Thursday . 170,209 shares changed hands during trading, an increase of 797% from the previous session’s volume of 18,967 shares.The stock last traded at $7.30 and had previously closed at $7.81.
Wall Street Analyst Weigh In
Separately, Dbs Bank raised shares of City Developments to a “moderate buy” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.
Check Out Our Latest Stock Report on CDEVY
City Developments Trading Up 5.2%
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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