City Developments (OTCMKTS:CDEVY) Stock Price Up 3.8% – Should You Buy?

Shares of City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) shot up 3.8% on Wednesday . The stock traded as high as $6.2150 and last traded at $6.2150. 362 shares changed hands during trading, a decline of 95% from the average session volume of 7,974 shares. The stock had previously closed at $5.99.

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, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

View Our Latest Report on CDEVY

City Developments Stock Up 3.8%

The business has a fifty day moving average of $5.70 and a two-hundred day moving average of $5.19.

City Developments Company Profile

(Get Free Report)

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.

Further Reading

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