DBS Group (OTCMKTS:DBSDY) Downgraded by The Goldman Sachs Group to Buy

DBS Group (OTCMKTS:DBSDYGet Rating) was downgraded by equities research analysts at The Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a research report issued on Tuesday, The Fly reports.

Separately, Zacks Investment Research cut DBS Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th.

Shares of DBSDY traded down $1.85 during trading hours on Tuesday, reaching $93.30. The company had a trading volume of 48,937 shares, compared to its average volume of 48,253. The firm has a 50 day simple moving average of $99.55 and a 200-day simple moving average of $99.50. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 0.94. DBS Group has a 12-month low of $85.26 and a 12-month high of $111.25.

DBS Group Company Profile (Get Rating)

DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.

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