Keppel (OTCMKTS:KPELY) Reaches New 1-Year High – Still a Buy?

Keppel Corp. (OTCMKTS:KPELY) hit a new 52-week high on Wednesday . The company traded as high as $15.70 and last traded at $13.96, with a volume of 875 shares traded. The stock had previously closed at $13.87.

Wall Street Analyst Weigh In

Separately, UBS Group started coverage on Keppel in a research report on Thursday, September 25th. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Keppel Stock Performance

The stock has a 50 day simple moving average of $13.68 and a 200 day simple moving average of $12.04.

Keppel Cuts Dividend

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

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.