DBS Group (OTCMKTS:DBSDY) Shares Gap Up – Still a Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares gapped up before the market opened 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 changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, DBS Group presently has a consensus rating of “Buy”.

DBS Group Price Performance

The business’s 50-day moving average is $239.93 and its two-hundred day moving average 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.