Based on 2 Wall Street analysts offering 12 month price targets for City Developments in the last 3 months. The average price target is S$8.72 with a high forecast of S$10.54 and a low forecast of S$6.90. The average price target represents a 72.74% change from the last price of S$5.05.

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Highest Price TargetS$10.54

Average Price TargetS$8.72

Lowest Price TargetS$6.90

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

xxxxxxxxxxxxxxxxxx

Phillip Securities

xxxxxxxxxxxxx

Reiterated

11/25/24

Reiterated

11/06/24

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Xuan Tan

Goldman Sachs

S$6.09→S$5.31

Sell

5.15%

Upside

Reiterated

08/14/24

City Developments Limited (CTDM:SP) (CDEVY) PT Lowered to SGD5.31 at Goldman SachsGoldman Sachs analyst Xuan Tan lowered the price target on City Developments Limited (CTDM:SP) (OTC: CDEVY) to SGD5.31 (from SGD6.09) while maintaining a Sell rating.

Yew Kiang Wong

CLSA

S$6.41

Buy

26.93%

Upside

Reiterated

06/26/24

CLSA Reiterates Outperform (2) Rating on City Developments (CIT:SP) (CDEVY)CLSA analyst Yew Kiang Wong reiterated an Outperform (2) rating and SGD6.41 price target on City Developments (CIT:SP) (OTC: CDEVY).

Best Analysts Covering City Developments

Which Analyst Should I Follow If I Want to Buy SG:C09 and Sell After:

1 Month

xxx

Success Rate

4/6 ratings generated profit

Average Return

+2.65%

reiterated a xxx

rating 28 days ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 1 Month would result in 66.67% of your transactions generating a profit, with an average return of +2.65% per trade.

3 Months

xxx

Success Rate

4/5 ratings generated profit

Average Return

+1.54%

reiterated a xxx

rating 4 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 3 Months would result in 80.00% of your transactions generating a profit, with an average return of +1.54% per trade.

1 Year

Xuan TanGoldman Sachs

Success Rate

4/5 ratings generated profit

Average Return

+9.76%

reiterated a sell rating 4 months ago

Copying Xuan Tan's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +9.76% per trade.

2 Years

xxx

Success Rate

2/5 ratings generated profit

Average Return

-1.34%

reiterated a xxx

rating 4 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 2 Years would result in 40.00% of your transactions generating a profit, with an average return of -1.34% per trade.

The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

C09 Analyst Recommendation Trends

Rating

May 24

Jun 24

Aug 24

Oct 24

Nov 24

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, C09 has received 4 Buy Ratings, 0 Hold Ratings, and 1 Sell Ratings. C09 average Analyst price target in the past 3 months is S$8.72.

Each month's total comprises the sum of three months' worth of ratings.

Stocks with the Highest Top Analyst Consensus in the Real Estate Sector

xxx

Find stocks in the Real Estate sector that are highly recommended by Top Performing Analysts.

C09 Financial Forecast

C09 Earnings Forecast

Next quarter’s earnings estimate for C09 is S$0.27 with a range of S$0.27 to S$0.27. The previous quarter’s EPS was ―. C09 beat its EPS estimate 0.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 40.74% of the time in the same period. In the last calendar year C09 has Underperformed its overall industry.

C09 Sales Forecast

Next quarter’s sales forecast for C09 is S$1.93B with a range of S$1.93B to S$1.93B. The previous quarter’s sales results were ―. C09 beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 48.48% of the time in the same period. In the last calendar year C09 has Outperformed its overall industry.

C09 Stock Forecast FAQ

What is SG:C09’s average 12-month price target, according to analysts?

Based on analyst ratings, City Developments Limited’s 12-month average price target is S$8.72.

What is SG:C09’s upside potential, based on the analysts’ average price target?

City Developments Limited has 72.74% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is City Developments Limited a Buy, Sell or Hold?

City Developments Limited has a consensus rating of Moderate Buy, which is based on 2 buy ratings, 0 hold ratings and 0 sell ratings.

What is City Developments Limited’s share price target?

The average share price target for City Developments Limited is S$8.72. This is based on 2 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is S$10.54 ,and the lowest forecast is S$6.90. The average share price target represents 72.74% Increase from the current price of S$5.05.

What do analysts say about City Developments Limited?

City Developments Limited’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 2 Wall Streets Analysts.

How can I buy shares of City Developments Limited?

To buy shares of SG:C09, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.

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City Developments (C09) Share Forecast & Price Target

C09 Analyst Ratings

C09 Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering City Developments

C09 Analyst Recommendation Trends

C09 Financial Forecast

C09 Earnings Forecast

C09 Sales Forecast

C09 Stock Forecast FAQ

Become an Expert with TipRanks Premium

Detailed List of Analyst Forecasts