DBS GRP HOLDING/S (OTCMKTS:DBSDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The brokerage currently has a $88.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.63% from the stock’s current price.
According to Zacks, “DBS Group Holdings Ltd is the holding company of DBS Bank and is one of the largest companies in terms of market capitalisation whose shares are listed on the Singapore Exchange. DBS Group Holdings Ltd and its subsidiaries form one of the largest banking groups in the region in terms of shareholders’ funds and total assets. DBS is also a leading bank in Hong Kong. “
DBSDY has been the topic of several other research reports. Goldman Sachs Group raised DBS GRP HOLDING/S from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 29th. Sanford C. Bernstein downgraded DBS GRP HOLDING/S from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Finally, ValuEngine raised DBS GRP HOLDING/S from a “strong sell” rating to a “sell” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $88.00.
DBSDY stock traded up $0.79 during trading on Tuesday, reaching $78.13. The stock had a trading volume of 48,937 shares, compared to its average volume of 35,183. DBS GRP HOLDING/S has a 52 week low of $68.27 and a 52 week high of $83.43. The stock’s 50 day moving average is $75.85 and its two-hundred day moving average is $74.58. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.20. The firm has a market cap of $49.89 billion, a PE ratio of 12.15, a PEG ratio of 2.72 and a beta of 1.14.
DBS GRP HOLDING/S (OTCMKTS:DBSDY) last posted its earnings results on Friday, November 8th. The financial services provider reported $1.82 earnings per share for the quarter. DBS GRP HOLDING/S had a return on equity of 12.17% and a net margin of 30.42%. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.63 billion. On average, research analysts anticipate that DBS GRP HOLDING/S will post 7.26 EPS for the current year.
DBS GRP HOLDING/S Company Profile
DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.
Featured Article: How To Calculate Debt-to-Equity Ratio
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DBS GRP HOLDING/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DBS GRP HOLDING/S and related companies with MarketBeat.com's FREE daily email newsletter.