Keppel (OTCMKTS:KPELY) Shares Gap Up - Time to Buy?

Key Points

• Keppel Corp's share price gapped up significantly, opening at $14.76 from a previous close of $13.87, with a trading volume of 189 shares.
• UBS Group has initiated coverage on Keppel, giving it a "buy" rating, contributing to its current consensus rating of "Buy" among analysts.
• The firm recently cut its dividend despite a reported yield of 405.0%, having paid $0.2313 to shareholders on August 28th.

Keppel Corp. (OTCMKTS:KPELY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $13.87, but opened at $14.76. Keppel shares last traded at $14.76, with a volume of 189 shares.

Wall Street Analyst Weigh In

Separately, UBS Group began coverage on Keppel in a research note on Thursday, September 25th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Keppel currently has a consensus rating of "Buy".

Keppel Stock Up 6.4%

The business's 50 day moving average price is $13.66 and its 200 day moving average price is $12.03.

Keppel Cuts Dividend

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

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