Keppel (OTCMKTS:KPELY) Shares Cross Above 50 Day Moving Average – Here’s Why

Keppel Ltd. (OTCMKTS:KPELYGet Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.80 and traded as high as $10.08. Keppel shares last traded at $10.08, with a volume of 753 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Keppel to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Check Out Our Latest Research Report on KPELY

Keppel Price Performance

The company has a 50 day moving average price of $9.80 and a 200-day moving average price of $9.73.

About Keppel

(Get Free Report)

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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