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DBS Group Holdings (DBSDF) Gets a Buy from RHB Capital

RHB Capital analyst Shekhar Jaiswal maintained a Buy rating on DBS Group Holdings (DBSDFResearch Report) on January 9 and set a price target of S$41.10. The company’s shares opened today at $26.20.

Jaiswal covers the Financial sector, focusing on stocks such as City Developments, DBS Group Holdings, and Oversea-Chinese Banking. According to TipRanks, Jaiswal has an average return of 1.7% and a 35.29% success rate on recommended stocks.

DBS Group Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $30.80, which is a 17.56% upside from current levels. In a report released on January 5, CLSA also maintained a Buy rating on the stock with a S$43.40 price target.

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DBSDF market cap is currently $67.93B and has a P/E ratio of 13.91.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DBSDF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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