DBS Group (OTCMKTS:DBSDY) Hits New 1-Year High – Should You Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $201.10 and last traded at $193.66, with a volume of 2706 shares. The stock had previously closed at $195.20.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

DBS Group Trading Down 0.3%

The firm’s fifty day moving average is $182.81 and its two-hundred day moving average is $178.27. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

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.