Sun Hung Kai Properties (OTCMKTS:SUHJY) Upgraded at Zacks Research

Zacks Research upgraded shares of Sun Hung Kai Properties (OTCMKTS:SUHJY) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. UBS Group downgraded shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. CLSA upgraded Sun Hung Kai Properties to a “moderate buy” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Sun Hung Kai Properties Stock Performance

Shares of OTCMKTS SUHJY opened at $14.39 on Wednesday. Sun Hung Kai Properties has a one year low of $8.19 and a one year high of $14.46. The business has a 50-day moving average price of $12.81 and a two-hundred day moving average price of $12.30.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.