DBS Group (OTCMKTS:DBSDY) Hits New 12-Month High – Here’s Why

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $198.00 and last traded at $192.3180, with a volume of 753 shares traded. The stock had previously closed at $188.29.

Wall Street Analysts Forecast Growth

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

DBS Group Price Performance

The firm has a 50-day moving average of $179.89 and a 200-day moving average of $176.87. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83.

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.