DBS Group (OTCMKTS:DBSDY) Hits New 52-Week High – Still a Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares hit a new 52-week high on Wednesday . The company traded as high as $214.86 and last traded at $213.88, with a volume of 36161 shares trading hands. The stock had previously closed at $208.09.

Wall Street Analysts Forecast Growth

Separately, Macquarie Infrastructure raised shares of DBS Group to a “hold” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

DBS Group Trading Up 1.7%

The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a 50-day simple moving average of $197.09 and a 200-day simple moving average of $185.82.

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.