DBS Group (OTCMKTS:DBSDY) Sets New 12-Month High – Still a Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) hit a new 52-week high on Tuesday . The stock traded as high as $145.35 and last traded at $137.92, with a volume of 23067 shares traded. The stock had previously closed at $135.83.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of DBS Group from a “hold” rating to a “strong-buy” rating in a report on Friday, January 3rd.

DBS Group Stock Up 1.5 %

The firm’s 50-day simple moving average is $133.52 and its 200 day simple moving average is $126.91.

DBS Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 8th will be issued a $1.8021 dividend. This is a positive change from DBS Group’s previous dividend of $1.64. The ex-dividend date is Tuesday, April 8th.

DBS Group Company Profile

DBS Group Holdings Ltd provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. The company’s 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.