Shares of City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $5.90, but opened at $6.1775. City Developments shares last traded at $6.1775, with a volume of 244 shares trading hands.
Analyst Ratings Changes
Separately, The Goldman Sachs Group upgraded shares of City Developments from a “strong sell” rating to a “buy” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.
Check Out Our Latest Report on CDEVY
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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