City Developments (OTCMKTS:CDEVY) Reaches New 1-Year High - Still a Buy?

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report)'s stock price hit a new 52-week high on Thursday . The stock traded as high as $6.50 and last traded at $6.21, with a volume of 2225 shares traded. The stock had previously closed at $6.20.Get City Developments alerts:Wall Street Analyst Weigh InSeparately, Dbs Bank upgraded City Developments to a "moderate buy" rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, City Developments presently has an average rating of "Buy".Check Out Our Latest Analysis on City DevelopmentsCity Developments Price PerformanceThe firm has a 50-day simple moving average of $5.64 and a 200 day simple moving average of $5.12. 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.Recommended StoriesFive stocks we like better than City DevelopmentsDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyForget AI, This Will Be the Next Big Tech BreakthroughThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in City Developments Right Now?Before you consider City Developments, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and City Developments wasn't on the list.While City Developments currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here