City Developments (OTCMKTS:CDEVY) Trading 5.6% Higher – Still a Buy?

Posted by Sarita Garza on Sep 2nd, 2026

City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) shares shot up 5.6% during mid-day trading on Monday . The stock traded as high as $6.60 and last traded at $6.60. 472 shares were traded during trading, a decline of 94% from the average daily volume of 7,401 shares. The stock had previously closed at $6.25.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised City Developments from a “strong sell” rating to a “buy” rating in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

View Our Latest Analysis on City Developments

City Developments Trading Down 2.0%

The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.00. The company has a fifty day simple moving average of $6.06 and a two-hundred day simple moving average of $6.49.

About City Developments

(Get Free Report)

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.