City Developments Limited (OTCMKTS:CDEVY) – Research analysts at Jefferies Group increased their FY2017 EPS estimates for City Developments in a note issued to investors on Thursday. Jefferies Group analyst K. Guha now anticipates that the company will earn $0.55 per share for the year, up from their prior forecast of $0.52. Jefferies Group also issued estimates for City Developments’ FY2018 earnings at $0.61 EPS.

Separately, Zacks Investment Research upgraded City Developments from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday.

Shares of City Developments (OTCMKTS:CDEVY) opened at $9.72 on Friday. The stock has a market capitalization of $8,820.22, a PE ratio of 21.13, a PEG ratio of 5.30 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.22 and a current ratio of 1.22. City Developments has a 1-year low of $5.76 and a 1-year high of $9.83.

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About City Developments

City Developments Limited is a real estate operating company with its presence spanning approximately 100 locations in over 30 countries. The principal activities of the Company are those of a property developer and owner, and investment holding. The principal activities of the subsidiaries are those of property developers and owners, hotel owners and operators, a club operator and owner, investment in properties and in shares, property management, project management and provision of consultancy services, hospitality-related information technology, procurement services and provision of laundry services.

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