Shares of City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) 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 traded.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group raised City Developments from a “strong sell” rating to a “buy” rating in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, City Developments has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on CDEVY
City Developments Trading Up 1.9%
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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