City Developments (OTCMKTS:CDEVY) Shares Gap Up – What’s Next?

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) gapped up before the market opened on Friday . The stock had previously closed at $7.30, but opened at $7.64. City Developments shares last traded at $7.64, with a volume of 2,001 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Dbs Bank upgraded City Developments to a “moderate buy” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Check Out Our Latest Report on City Developments

City Developments Price Performance

The stock’s 50-day simple moving average is $7.07 and its 200 day simple moving average is $6.00.

City Developments Company Profile

(Get Free Report)

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.

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