J.P. Morgan analyst Mervin Song initiated coverage with a Buy rating on Keppel Corporation Limited today and set a price target of S$12.50. The company’s shares closed today at S$9.16.
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Song covers the Real Estate sector, focusing on stocks such as City Developments, Capitaland India Trust, and CapitaLand Mall. According to TipRanks, Song has an average return of 3.5% and a 48.08% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Keppel Corporation Limited with a S$10.37 average price target, implying a 13.21% upside from current levels. In a report released on October 3, TR | OpenAI – 4o also upgraded the stock to a Buy with a S$10.50 price target.
The company has a one-year high of S$9.36 and a one-year low of S$5.61. Currently, Keppel Corporation Limited has an average volume of 4.36M.
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