Zacks Investment Research upgraded shares of DBS Group (OTCMKTS:DBSDY) from a hold rating to a buy rating in a report published on Tuesday. They currently have $84.00 price objective on the financial services provider’s stock.
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. “
Shares of DBS Group (DBSDY) opened at $80.02 on Tuesday. The stock has a market capitalization of $50,350.00, a price-to-earnings ratio of 17.61, a P/E/G ratio of 3.92 and a beta of 1.31. DBS Group has a one year low of $48.22 and a one year high of $80.74. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.75.
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DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others.
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