DBS Group (OTCMKTS:DBSDY) Hits New 12-Month High – Still a Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) reached a new 52-week high during trading on Thursday . The stock traded as high as $207.53 and last traded at $207.0980, with a volume of 7907 shares. The stock had previously closed at $202.47.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure raised DBS Group to a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

DBS Group Stock Up 2.3%

The business’s fifty day moving average price is $193.09 and its 200-day moving average price is $184.11. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15.

DBS Group Company Profile

DBS Group (OTCMKTS: DBSDY) is a Singapore-based financial services group headquartered in Marina Bay, Singapore. Established in 1968 as the Development Bank of Singapore, the group has grown into one of the region’s largest banks, offering a broad range of banking and financial services to retail, corporate and institutional clients.

DBS’s main business activities include consumer and private banking, corporate and investment banking, treasury and markets, securities brokerage, and asset and wealth management.