Keppel (OTCMKTS:KPELY) Sets New 52-Week High – Still a Buy?

Shares of Keppel Corp. (OTCMKTS:KPELY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $15.88 and last traded at $15.70, with a volume of 569 shares traded. The stock had previously closed at $15.4450.

Analysts Set New Price Targets

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

Keppel Price Performance

The firm has a 50-day simple moving average of $14.19 and a 200 day simple moving average of $12.71.

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.