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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) hit a new 52-week high on Wednesday . The company traded as high as $242.24 and last traded at $240.85, with a volume of 20107 shares. The stock had previously closed at $237.50.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Macquarie Infrastructure raised DBS Group to a “hold” rating in a research note on Thursday, April 30th. Zacks Research raised DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

DBS Group Stock Performance

The stock’s 50-day moving average price is $216.35 and its 200 day moving average price is $194.76. 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 (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.