Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY – Get Free Report) saw unusually-high trading volume on Friday. Approximately 176,394 shares were traded during trading, an increase of 251% from the average daily volume of 50,295 shares. The stock last traded at $217.00 and had previously closed at $217.86.
Analyst Ratings Changes
Separately, Zacks Research downgraded DBS Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on DBS Group
DBS Group Stock Down 0.8%
About DBS Group
DBS Group Holdings is a Singapore-based financial services group whose principal subsidiary is DBS Bank. Established in 1968 as the Development Bank of Singapore, it was created to support the country’s industrial development and has since grown into a major banking group in Asia.
The company provides consumer and business banking, wealth management, corporate and investment banking, treasury services, and transaction banking. Its offerings include deposits, loans, credit cards, investment products, and cash-management and trade-finance services.
DBS serves customers across markets including Singapore, Hong Kong, mainland China, India, and other parts of Asia.
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