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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $201.10 and last traded at $193.66, with a volume of 2706 shares trading hands. The stock had previously closed at $195.20.

Wall Street Analysts Forecast Growth

Separately, Macquarie Infrastructure raised shares of DBS Group to a “hold” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

DBS Group Price Performance

The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15. The firm’s 50 day simple moving average is $183.47 and its two-hundred day simple moving average is $178.57.

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.