DBS GRP HOLDING/S (OTCMKTS:DBSDY) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of DBS GRP HOLDING/S (OTCMKTS:DBSDY) from a sell rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “DBS Group Holdings Ltd is the holding company of DBS Bank and is one of the largest companies in terms of market capitalisation whose shares are listed on the Singapore Exchange. DBS Group Holdings Ltd and its subsidiaries form one of the largest banking groups in the region in terms of shareholders’ funds and total assets. DBS is also a leading bank in Hong Kong. “

Several other research analysts have also commented on DBSDY. Goldman Sachs Group upgraded DBS GRP HOLDING/S from a neutral rating to a buy rating in a research report on Tuesday, October 29th. Sanford C. Bernstein lowered DBS GRP HOLDING/S from an outperform rating to a market perform rating in a research report on Tuesday, September 17th. Finally, ValuEngine lowered DBS GRP HOLDING/S from a sell rating to a strong sell rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $93.00.

Shares of DBSDY traded up $0.64 during midday trading on Tuesday, hitting $78.41. 16,808 shares of the stock were exchanged, compared to its average volume of 40,745. DBS GRP HOLDING/S has a 52-week low of $65.14 and a 52-week high of $83.43. The stock has a fifty day simple moving average of $74.01 and a 200 day simple moving average of $74.24. The firm has a market cap of $49.91 billion, a P/E ratio of 12.19, a P/E/G ratio of 2.74 and a beta of 1.16. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.94 and a current ratio of 0.94.


DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.

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