Henderson Land Development (OTCMKTS:HLDCY) Shares Gap Up – Should You Buy?

Henderson Land Development Co. (OTCMKTS:HLDCY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $4.02, but opened at $4.25. Henderson Land Development shares last traded at $4.26, with a volume of 5,804 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Henderson Land Development from a “sell” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Henderson Land Development Stock Performance

The business has a fifty day moving average of $3.87 and a 200-day moving average of $3.67.

About Henderson Land Development

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.