DBS Reaffirms Their Buy Rating on City Developments (CDEVF)
DBS analyst Tabitha Foo reaffirmed a Buy rating on City Developments (CDEVF) with a price target of S$9.00. The stock closed at S$7.08. Foo, a 5-star analyst with a 22.5% average return, focuses on the Real Estate sector. The analyst consensus rates City Developments as a Strong Buy with an average price target of $6.44.
In a report released yesterday, Tabitha Foo from DBS maintained a Buy rating on City Developments, with a price target of S$9.00. The company’s shares closed last Tuesday at S$7.08.
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According to TipRanks, Foo is a 5-star analyst with an average return of 22.5% and a 74.74% success rate. Foo covers the Real Estate sector, focusing on stocks such as UOL Group, GuocoLand Limited, and City Developments.
Currently, the analyst consensus on City Developments is a Strong Buy with an average price target of $6.44.
