City Developments (OTCMKTS:CDEVY – Get Free Report) is expected to be posting its results before the market opens on Wednesday, August 12th. Analysts expect City Developments to announce earnings of $0.2090 per share and revenue of $1.5278 billion for the quarter.
City Developments Price Performance
City Developments stock opened at $5.92 on Wednesday. The firm has a 50-day moving average of $6.18 and a 200-day moving average of $6.65. City Developments has a one year low of $4.63 and a one year high of $8.20. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.77 and a current ratio of 0.77.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded City Developments from a “strong sell” rating to a “buy” rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.
About City Developments
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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