Keppel (OTCMKTS:KPELY) Reaches New 12-Month High – What’s Next?

Keppel Corp. (OTCMKTS:KPELY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $15.7490 and last traded at $15.7490, with a volume of 1234 shares traded. The stock had previously closed at $15.12.

Wall Street Analyst Weigh In

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

Keppel Stock Performance

The firm has a 50-day moving average of $13.97 and a 200-day moving average of $12.47.

Keppel Cuts Dividend

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

About Keppel

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.