DBS Group (OTCMKTS:DBSDY) Sets New 1-Year High – Still a Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $244.19 and last traded at $240.15, with a volume of 4113 shares traded. The stock had previously closed at $237.63.

Analyst Ratings Changes

Several analysts have recently weighed in on DBSDY shares. Zacks Research raised shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Macquarie Infrastructure upgraded DBS Group to a “hold” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

DBS Group Stock Performance

The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s 50-day simple moving average is $222.34 and its 200 day simple moving average is $197.30.

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.