DBS Group (DBSDY) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of DBS Group (OTCMKTS:DBSDY) from a hold rating to a buy rating in a report issued on Friday. They currently have $94.00 target price 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. “

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Other analysts have also recently issued reports about the company. Goldman Sachs upgraded DBS Group from a neutral rating to a buy rating in a report on Thursday, February 8th. ValuEngine upgraded DBS Group from a hold rating to a buy rating in a report on Friday, February 2nd.

Shares of DBS Group (OTCMKTS DBSDY) opened at $84.10 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.93 and a current ratio of 0.93. DBS Group has a 12-month low of $52.85 and a 12-month high of $90.74. The company has a market capitalization of $52,757.18, a P/E ratio of 18.48, a P/E/G ratio of 4.19 and a beta of 1.27.

The business also recently announced a None dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 4th will be issued a $1.763 dividend. This is a boost from DBS Group’s previous None dividend of $0.92. The ex-dividend date of this dividend is Thursday, May 3rd. DBS Group’s dividend payout ratio is presently 37.80%.

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DBS Group Company Profile

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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