UOB Kay Hian analyst Jonathan Koh maintained a Buy rating on DBS Group Holdings (DBSDF – Research Report) yesterday and set a price target of S$41.00. The company’s shares closed yesterday at $23.66.
Koh covers the Financial sector, focusing on stocks such as DBS Group Holdings, OCBC, and Mapletree Industrial. According to TipRanks, Koh has an average return of -7.1% and a 25.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DBS Group Holdings with a $28.57 average price target, which is a 20.75% upside from current levels. In a report released on May 2, Maybank also maintained a Buy rating on the stock with a S$38.51 price target.
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The company has a one-year high of $27.53 and a one-year low of $20.72. Currently, DBS Group Holdings has an average volume of 4,743.
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DBS Group Holdings Ltd. is an investment company, which engages in the provision of retail, small and medium-sized enterprise, corporate, and investment banking services. It operates through the following business segments: Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others. The Consumer Banking/Wealth Management segment provides services including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products. The Institutional Banking segment offers financial services and products to institutional clients. The Treasury Markets segment deals with structuring, market-making, and trading across a broad range of treasury products. The Others segment covers activities from corporate decisions and income; and expenses not attributed to the business segments described. The company was founded in 1968 and is headquartered in Singapore.
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