DBS Group (OTCMKTS:DBSDY) Sets New 1-Year High – Still a Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $244.19 and last traded at $240.15, with a volume of 4113 shares traded. The stock had previously closed at $237.63.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DBSDY shares. Macquarie Infrastructure raised DBS Group to a “hold” rating in a research note on Thursday, April 30th. Zacks Research upgraded DBS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

DBS Group Trading Up 1.2%

The company has a fifty day simple moving average of $222.34 and a two-hundred day simple moving average of $197.30. The company has a current ratio of 0.83, a quick 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.