J.P. Morgan analyst Mervin Song upgraded Keppel Corporation Limited to a Buy yesterday and set a price target of S$12.05. The company’s shares closed yesterday at S$10.91.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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According to TipRanks, Song is a 3-star analyst with an average return of 3.2% and a 50.00% success rate. Song covers the Real Estate sector, focusing on stocks such as CapitaLand Ascendas REIT, Mapletree Logistics, and City Developments.
Keppel Corporation Limited has an analyst consensus of Strong Buy, with a price target consensus of S$13.03, representing a 19.43% upside. In a report released on May 19, UOB Kay Hian also maintained a Buy rating on the stock with a S$13.23 price target.
Based on Keppel Corporation Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of S$1.53 billion and a net profit of S$191.69 million. In comparison, last year the company earned a revenue of S$1.61 billion and had a net profit of S$154.93 million
