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

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $238.88 and last traded at $234.18, with a volume of 1030 shares. The stock had previously closed at $230.18.

Wall Street Analysts Forecast Growth

Separately, Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, DBS Group currently has a consensus rating of “Buy”.

DBS Group Trading Up 2.6%

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The company has a 50 day moving average of $213.33 and a 200-day moving average of $193.11.

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.