DBS Group (OTCMKTS:DBSDY) Shares Gap Up – Time to Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares gapped up prior to trading on Thursday. The stock had previously closed at $233.64, but opened at $242.73. DBS Group shares last traded at $233.85, with a volume of 5,362 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised DBS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Two 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.com, DBS Group has a consensus rating of “Buy”.

DBS Group Stock Performance

The stock’s 50-day moving average price is $239.93 and its 200-day moving average price is $215.43.

About DBS Group

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank Ltd. Established in 1968 as the Development Bank of Singapore, the group has grown into a major Asian banking institution serving individuals, businesses, corporations and institutional clients.

DBS provides consumer and commercial banking, wealth management, investment banking, treasury and markets, and transaction banking services. Its offerings include deposits, loans, credit cards, mortgages, investment products, insurance, cash-management solutions, trade finance and corporate advisory services.