Zacks Investment Research upgraded shares of DBS GRP HOLDING/S (OTCMKTS:DBSDY) from a hold rating to a buy rating in a report published on Tuesday, Zacks.com reports. They currently have $88.00 price target 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. “
Several other equities research analysts have also weighed in on the company. 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. Goldman Sachs Group raised DBS GRP HOLDING/S from a neutral rating to a buy rating in a report on Tuesday, October 29th. Finally, ValuEngine raised DBS GRP HOLDING/S from a strong sell rating to a sell rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $88.00.
DBS GRP HOLDING/S (OTCMKTS:DBSDY) last released its quarterly earnings results on Friday, November 8th. The financial services provider reported $1.82 earnings per share for the quarter. DBS GRP HOLDING/S had a return on equity of 12.17% and a net margin of 30.42%. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.63 billion. On average, research analysts anticipate that DBS GRP HOLDING/S will post 7.26 earnings per share for the current year.
DBS GRP HOLDING/S Company Profile
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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