DBS Group (OTCMKTS:DBSDY) Sets New 1-Year High – Here’s Why

DBS Group Holdings Ltd (OTCMKTS:DBSDY) hit a new 52-week high during trading on Wednesday . The company traded as high as $206.99 and last traded at $204.7450, with a volume of 2071 shares trading hands. The stock had previously closed at $205.5730.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure raised DBS Group to a “hold” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company 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 stock’s 50-day simple moving average is $190.45 and its two-hundred day simple moving average is $182.60.

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.