DBS Group (OTCMKTS:DBSDY) Hits New 12-Month High – Here’s What Happened

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $243.04 and last traded at $238.79, with a volume of 7536 shares trading hands. The stock had previously closed at $240.45.

Wall Street Analyst Weigh In

DBSDY has been the subject of several recent analyst reports. Macquarie Infrastructure raised shares of DBS Group to a “hold” rating in a report on Thursday, April 30th. Zacks Research raised shares of DBS Group from a “hold” rating to a “strong-buy” rating in a report 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, the stock presently has an average rating of “Buy”.

DBS Group Stock Up 1.3%

The company has a 50 day simple moving average of $218.91 and a 200 day simple moving average of $195.85. The company has a current ratio of 0.83, a quick 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.