City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $6.5450, but opened at $6.32. City Developments shares last traded at $6.32, with a volume of 215 shares trading hands.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group raised shares of City Developments from a “strong sell” rating to a “buy” rating in a report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, City Developments has an average rating of “Buy”.
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City Developments Price Performance
About City Developments
City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.
The company’s core activities include property development, investment and management.
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