DBS Group (OTCMKTS:DBSDY) Reaches New 52-Week High – Time to Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $198.00 and last traded at $192.3180, with a volume of 753 shares trading hands. The stock had previously closed at $188.29.

Wall Street Analysts Forecast Growth

Separately, Macquarie Infrastructure upgraded DBS Group to a “hold” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

DBS Group Price Performance

The business has a 50 day simple moving average of $180.71 and a 200 day simple moving average of $177.24. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

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.