Sun Hung Kai Properties (OTCMKTS:SUHJY) Upgraded to “Strong-Buy” at Zacks Research

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

Other equities analysts have also issued research reports about the company. CLSA upgraded Sun Hung Kai Properties to a “moderate buy” rating in a research note on Tuesday, November 11th. UBS Group downgraded shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Sun Hung Kai Properties Price Performance

Shares of OTCMKTS:SUHJY opened at $14.34 on Wednesday. Sun Hung Kai Properties has a 52-week low of $8.19 and a 52-week high of $14.45. The business’s 50 day moving average is $12.78 and its 200 day moving average is $12.29.

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.