City Developments (OTCMKTS:CDEVY) Shares Gap Up – What’s Next?

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $5.98, but opened at $6.2575. City Developments shares last traded at $6.2350, with a volume of 798 shares traded.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank upgraded shares of City Developments to a “moderate buy” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on City Developments

City Developments Trading Up 4.3%

The company has a fifty day simple moving average of $5.72 and a two-hundred day simple moving average of $5.20.

About City Developments

(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.

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