DBS Group (OTCMKTS:DBSDY) Shares Gap Down – Here’s Why

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $171.31, but opened at $162.10. DBS Group shares last traded at $169.5230, with a volume of 6,905 shares traded.

Analysts Set New Price Targets

Separately, Phillip Securities upgraded shares of DBS Group to a “strong-buy” rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Get Our Latest Analysis on DBS Group

DBS Group Trading Down 1.1%

The firm has a 50-day simple moving average of $181.27 and a two-hundred day simple moving average of $170.16.

DBS Group Company Profile

(Get Free Report)

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.

Further Reading

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