City Developments (OTCMKTS:CDEVY) Hits New 12-Month High – Here’s Why

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as $6.40 and last traded at $6.40, with a volume of 1879 shares changing hands. The stock had previously closed at $5.9350.

Wall Street Analyst Weigh In

Separately, Dbs Bank raised City Developments to a “moderate buy” rating in a report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

View Our Latest Stock Analysis on City Developments

City Developments Stock Performance

The company has a 50 day simple moving average of $5.59 and a 200-day simple moving average of $5.07.

About City Developments

(Get Free Report)

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.

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