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

Key Points

• Keppel Corp. shares reached a new 52-week high at $15.70, closing at $13.96 with a trading volume of 875 shares.
• UBS Group has initiated coverage on Keppel with a strong buy rating, contributing to an overall average rating of "Buy" from analysts.
• The company recently announced a dividend payment of $0.2313 per share, yielding 405.0%, despite cutting its dividend recently.

Shares of Keppel Corp. (OTCMKTS:KPELY - Get Free Report) reached 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 trading hands. The stock had previously closed at $13.87.

Wall Street Analysts Forecast Growth

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

Keppel Stock Up 0.6%

The business has a 50-day moving average of $13.68 and a 200-day moving average of $12.04.

Keppel Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were given a $0.2313 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a dividend 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.

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