DBS Group (OTCMKTS:DBSDY) Hits New 52-Week High – Should You Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares reached a new 52-week high on Monday . The stock traded as high as $253.51 and last traded at $247.7895, with a volume of 991 shares traded. The stock had previously closed at $242.70.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, DBS Group presently has an average rating of “Buy”.

DBS Group Price Performance

The company has a 50 day moving average of $234.80 and a 200 day moving average of $204.10. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

About DBS Group

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank. Established in 1968 as the Development Bank of Singapore, the group has grown into a major banking organization serving individuals, businesses and institutions across Asia.

DBS provides consumer and institutional banking services, including deposits, mortgages, personal and business loans, payments, cash management, trade finance and corporate lending. Its wealth management business offers investment products, advisory services and private banking, while its treasury and markets operations provide foreign exchange, fixed-income, capital-markets and related services.