City Developments (OTCMKTS:CDEVY) Reaches New 12-Month High – Time to Buy?

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $7.20 and last traded at $6.95, with a volume of 3340 shares trading hands. The stock had previously closed at $7.0050.

Wall Street Analyst Weigh In

Separately, Dbs Bank upgraded City Developments to a “moderate buy” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Get Our Latest Research Report on CDEVY

City Developments Stock Up 3.0%

The firm has a 50 day simple moving average of $5.86 and a two-hundred day simple moving average of $5.34.

City Developments Company Profile

(Get Free Report)

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.

Further Reading

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