DBS Group (OTCMKTS:DBSDY – Get 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 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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