DBS GRP HOLDING/S (OTCMKTS:DBSDY) Downgraded by Zacks Investment Research to Hold

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Zacks Investment Research lowered shares of DBS GRP HOLDING/S (OTCMKTS:DBSDY) from a buy rating to a hold rating in a report published 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. “

A number of other research analysts have also recently commented on DBSDY. ValuEngine upgraded shares of DBS GRP HOLDING/S from a sell rating to a hold rating in a report on Friday, February 7th. Goldman Sachs Group upgraded shares of DBS GRP HOLDING/S from a neutral rating to a buy rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut shares of DBS GRP HOLDING/S to a sell rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $88.00.

OTCMKTS DBSDY opened at $72.98 on Tuesday. The company’s 50-day moving average price is $75.91 and its 200-day moving average price is $74.34. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.20. The stock has a market cap of $46.63 billion, a PE ratio of 10.04, a PEG ratio of 2.67 and a beta of 1.13. DBS GRP HOLDING/S has a 12 month low of $68.27 and a 12 month high of $83.43.

About DBS GRP HOLDING/S

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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Analyst Recommendations for DBS GRP HOLDING/S (OTCMKTS:DBSDY)

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