Daiwa Securities Group Inc. (DSEEY) Raised to Buy at Zacks Investment Research
Daiwa Securities Group Inc. (OTCMKTS:DSEEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a $6.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.11% from the stock’s previous close.
According to Zacks, “Daiwa Securities Group Inc. is engaged in providing comprehensive financial services by operating in businesses such as retail and wholesale securities, investment, asset management, as well as system support and research services. Daiwa offers consulting and online trading and handling a complete spectrum of financial products and services through its retail business and provides brokerage, investment banking and M&A advisory services through its wholesale business. Its investment business focuses largely on venture capital investments, organizing and managing of private equity funds and conducting direct investments in monetary claims. The Company’s asset management business is involved in creating and managing investment trusts, offering pension fund management and management of REIT (Real Estate Investment Trust). It also offers system-consulting and system-integration service for outside-Group clients. Daiwa Securities Group Inc. is headquartered in Tokyo, Japan. “
Daiwa Securities Group (DSEEY) traded up 0.37% during midday trading on Thursday, hitting $5.42. 38,368 shares of the stock traded hands. The stock has a 50-day moving average of $5.70 and a 200 day moving average of $6.01. Daiwa Securities Group has a 52-week low of $5.40 and a 52-week high of $6.77.
About Daiwa Securities Group
Daiwa Securities Group Inc, together with its subsidiaries, primarily operates as a securities broker-dealer in Japan and internationally. The company operates in four segments: Retail, Wholesale, Asset management, and Investment. It offers brokerage, trading, underwriting, strategic advice, product development, and structured finance services.
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