City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $5.62, but opened at $6.0650. City Developments shares last traded at $6.0650, with a volume of 440 shares trading hands.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded City Developments from a “strong sell” rating to a “buy” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.
Check Out Our Latest Analysis on CDEVY
City Developments Stock 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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