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

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $231.17 and last traded at $229.80, with a volume of 19749 shares trading hands. The stock had previously closed at $228.55.

Analysts Set New Price Targets

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

DBS Group Stock Performance

The business’s fifty day moving average price is $207.92 and its two-hundred day moving average price is $190.63. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

DBS Group Company Profile

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.