DBS Group (OTCMKTS:DBSDY) Hits New 12-Month High – Here’s What Happened

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $243.04 and last traded at $238.79, with a volume of 7536 shares. The stock had previously closed at $240.45.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DBSDY shares. Zacks Research upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, DBS Group currently has a consensus rating of “Buy”.

DBS Group Stock Performance

The business has a 50 day simple moving average of $218.91 and a 200 day simple moving average of $195.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83.

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.