In a report released on January 13, Glenn Thum from Phillip Securities maintained a Buy rating on DBS Group Holdings (DBSDF – Research Report), with a price target of S$41.60. The company’s shares closed last Friday at $26.47.
According to TipRanks, Thum is a 2-star analyst with an average return of 4.8% and an 83.33% success rate. Thum covers the Financial sector, focusing on stocks such as DBS Group Holdings, Oversea-Chinese Banking, and Singapore Exchange.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DBS Group Holdings with a $31.25 average price target, which is a 18.06% upside from current levels. In a report released on January 9, RHB Capital also maintained a Buy rating on the stock with a S$41.10 price target.
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DBSDF market cap is currently $67.72B and has a P/E ratio of 14.02.
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.
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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.
