DBS Group (OTCMKTS:DBSDY) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $133.52 and traded as high as $136.69. DBS Group shares last traded at $135.83, with a volume of 28,017 shares trading hands.

Analysts Set New Price Targets

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

DBS Group Stock Performance

The business’s 50-day simple moving average is $133.52 and its two-hundred day simple moving average is $126.91.

DBS Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 8th will be given 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.