Keppel (OTCMKTS:KPELY) Shares Gap Down - Should You Sell?

Key Points

• Keppel Corp. shares opened significantly lower at $14.44, down from a previous close of $15.49, marking a gap down in stock price prior to trading.
• UBS Group has initiated coverage on Keppel, giving it a "buy" rating, which contributes to an overall average rating of "Buy" from analysts.
• Keppel recently declared a dividend of $0.2313 per share, yielding approximately 405.0%, signaling a noteworthy return for shareholders.

Keppel Corp. (OTCMKTS:KPELY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $15.49, but opened at $14.44. Keppel shares last traded at $14.44, with a volume of 502 shares changing hands.

Analysts Set New Price Targets

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

Keppel Trading Down 6.8%

The company's 50-day moving average is $13.48 and its 200 day moving average is $11.74.

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 given a dividend of $0.2313 per share. 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.

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