City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) shares traded up 5.6% during trading on Monday . The stock traded as high as $6.60 and last traded at $6.60. 472 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 7,401 shares. The stock had previously closed at $6.25.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group upgraded shares of City Developments from a “strong sell” rating to a “buy” rating in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.
Check Out Our Latest Analysis on CDEVY
City Developments Price Performance
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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