Keppel (OTCMKTS:KPELY) Hits New 12-Month High – Still a Buy?

Shares of Keppel Corp. (OTCMKTS:KPELY) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $14.10 and last traded at $14.05, with a volume of 2025 shares changing hands. The stock had previously closed at $14.00.

Wall Street Analyst Weigh In

Separately, UBS Group began coverage on Keppel in a report on Thursday, September 25th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Keppel presently has a consensus rating of “Buy”.

Keppel Stock Up 0.9%

The firm has a fifty day moving average price of $13.43 and a 200-day moving average price of $11.69.

Keppel Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were paid a $0.2313 dividend. The ex-dividend date was Tuesday, August 12th. This represents a yield of 405.0%.

Keppel Company Profile

Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally. The company operates through, Infrastructure, Real Estate, and Connectivity. It manages private funds and listed real estate investment and business trusts, in areas of infrastructure, real estate, and connectivity; energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure; operation and maintenance; property development and investment; master development; sustainable and innovative urban space solutions; and system integration solutions and services.