Keppel (OTCMKTS:KPELY) Sets New 52-Week High – Should You Buy?

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

Analyst Upgrades and Downgrades

Separately, UBS Group assumed coverage on shares of Keppel in a research note on Thursday, September 25th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Keppel Stock Performance

The stock’s 50 day simple moving average is $14.09 and its two-hundred day simple moving average is $12.55.

Keppel Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.2313 per share. The ex-dividend date 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.