Jefferies Group Brokers Boost Earnings Estimates for DBS Group Holdings Ltd. (DBSDY)

DBS Group Holdings Ltd. (OTCMKTS:DBSDY) – Analysts at Jefferies Group upped their FY2018 earnings estimates for shares of DBS Group in a research note issued to investors on Thursday. Jefferies Group analyst K. Guha now forecasts that the financial services provider will earn $6.58 per share for the year, up from their prior estimate of $6.49. Jefferies Group also issued estimates for DBS Group’s FY2019 earnings at $7.48 EPS and FY2020 earnings at $7.91 EPS.

Several other brokerages also recently weighed in on DBSDY. ValuEngine raised DBS Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Goldman Sachs Group raised DBS Group from a “neutral” rating to a “buy” rating in a research note on Thursday. Finally, Zacks Investment Research downgraded DBS Group from a “buy” rating to a “hold” rating in a research note on Monday.

Shares of DBS Group (DBSDY) traded down $1.51 during mid-day trading on Friday, hitting $79.09. The stock had a trading volume of 57,632 shares, compared to its average volume of 43,290. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75. The firm has a market cap of $49,124.91, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 3.96 and a beta of 1.41. DBS Group has a twelve month low of $50.77 and a twelve month high of $83.90.

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DBS Group Company Profile

DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others.

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