Keppel (OTCMKTS:KPELY) Shares Gap Up – Here’s Why

Shares of Keppel Corp. (OTCMKTS:KPELYGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $15.5350, but opened at $16.20. Keppel shares last traded at $16.20, with a volume of 165 shares changing hands.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on KPELY

Keppel Price Performance

The company has a 50-day moving average price of $15.43 and a 200 day moving average price of $13.92.

About Keppel

(Get Free Report)

Keppel Corporation Ltd is a Singapore?headquartered conglomerate offering diversified businesses spanning offshore & marine, property, infrastructure, and asset management. Through its Offshore & Marine arm, Keppel designs, builds and repairs mobile offshore drilling units, production platforms and specialized vessels, while pursuing new energy solutions such as offshore wind foundations and floating solar platforms. Its property division develops residential, commercial and mixed?use projects across Asia, Europe and the Americas, complemented by real estate investment trusts and fund management services.

In the infrastructure segment, Keppel delivers integrated solutions for power generation, water treatment, waste management and district cooling.

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