City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $7.30, but opened at $7.64. City Developments shares last traded at $7.64, with a volume of 2,001 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Dbs Bank upgraded shares of City Developments to a “moderate buy” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.
Check Out Our Latest Stock Analysis on City Developments
City Developments Stock Up 5.2%
City Developments Company Profile
City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.
The company’s core activities include property development, investment and management.
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