City Developments (OTCMKTS:CDEVY) Hits New 52-Week High – What’s Next?

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.2184 and last traded at $7.2184, with a volume of 2489 shares trading hands. The stock had previously closed at $7.1950.

Analyst Upgrades and Downgrades

Separately, Dbs Bank upgraded shares of City Developments to a “moderate buy” rating in a report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, City Developments currently has an average rating of “Buy”.

Read Our Latest Report on City Developments

City Developments Stock Performance

The stock’s 50 day simple moving average is $6.00 and its 200-day simple moving average is $5.44.

About City Developments

(Get Free Report)

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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