Shares of City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) gapped up before the market opened on Wednesday after Dbs Bank upgraded the stock to a moderate buy rating. The stock had previously closed at $5.30, but opened at $5.58. City Developments shares last traded at $5.5550, with a volume of 802 shares changing hands.
City Developments Stock Up 4.8%
The business’s 50 day moving average price is $5.48 and its 200 day moving average price is $4.85.
City Developments Company Profile
City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.
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