DBS Group (OTCMKTS:DBSDY) Rating Increased to Strong-Buy at Zacks Research

DBS Group (OTCMKTS:DBSDY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, DBS Group presently has a consensus rating of “Buy”.

DBS Group Trading Up 1.4%

Shares of DBS Group stock opened at $240.85 on Monday. DBS Group has a 1 year low of $149.44 and a 1 year high of $242.24. The company’s fifty day simple moving average is $214.90 and its 200-day simple moving average is $194.00. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83.

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.