DBS Group (OTCMKTS:DBSDY) Reaches New 12-Month High – What’s Next?

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $231.17 and last traded at $229.80, with a volume of 19749 shares traded. The stock had previously closed at $228.55.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure raised shares of DBS Group to a “hold” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, DBS Group has a consensus rating of “Buy”.

DBS Group Price Performance

The firm has a 50-day moving average of $206.38 and a 200-day moving average of $189.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83.

About DBS Group

DBS Group (OTCMKTS: DBSDY) is a Singapore-based financial services group headquartered in Marina Bay, Singapore. Established in 1968 as the Development Bank of Singapore, the group has grown into one of the region’s largest banks, offering a broad range of banking and financial services to retail, corporate and institutional clients.

DBS’s main business activities include consumer and private banking, corporate and investment banking, treasury and markets, securities brokerage, and asset and wealth management.