Monday, March 13, 2017
DBS, OCBC, UOB stock: an UPDATE
The US Federal Reserves is expected to increase the interest rate this week with the strong US jobs numbers. In light of the above, the local banking stocks should be of interest to investors again. Let us revisit the performance of the three largest bank stocks in Singapore: DBS, OCBC and UOB.
DBS stock currently traded at $18.93, down by 0.73% from its 52-week high of $19.07. The stock currently traded at a Price-to-Earnings ratio of 11.244 and has a consensus target price of $19.61, a potential upside of 3.5%.
OCBC stock currently traded at $9.56, down by 1.95% from its 52-week high of $9.75. The stock currently traded at a Price-to-Earnings ratio of 11.63 and has a consensus target price of $9.631, a potential upside of 0.74%.
UOB stock currently traded at $21.39, down by 2.11% from its 52-week high of $21.85. The stock currently traded at a Price-to-Earnings ratio of 11.562 and has a consensus target price of $21.31, a potential downside of 0.37%.
What is noteworthy is that all the three local bank stocks are trading at 11x Price-to-Earnings ratio. Analysts’ consensus-wise, it seems that DBS stock is more favored. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.
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