DBS Group (OTCMKTS:DBSDY) Sets New 52-Week High – What’s Next?

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price reached a new 52-week high on Wednesday . The company traded as high as $242.24 and last traded at $240.85, with a volume of 20107 shares. The stock had previously closed at $237.50.

Wall Street Analysts Forecast Growth

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

DBS Group Price Performance

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average price of $214.90 and a 200 day moving average price of $194.00.

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.