DBS Group (OTCMKTS:DBSDY) Reaches New 12-Month High – Time to Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) hit a new 52-week high on Wednesday . The stock traded as high as $229.97 and last traded at $227.7201, with a volume of 920 shares changing hands. The stock had previously closed at $223.56.

Wall Street Analyst Weigh In

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

DBS Group Price Performance

The company’s 50-day simple moving average is $203.21 and its 200-day simple moving average is $188.49. The company has a current ratio of 0.83, a quick 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.