City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $6.4150, but opened at $6.68. City Developments shares last traded at $6.68, with a volume of 2,760 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group raised 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.com, the stock has a consensus rating of “Buy”.
Read Our Latest Analysis on CDEVY
City Developments Stock Up 5.7%
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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