CLSA Upgrades Sun Hung Kai Properties (OTCMKTS:SUHJY) to Moderate Buy

Sun Hung Kai Properties (OTCMKTS:SUHJY) was upgraded by equities research analysts at CLSA to a “moderate buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on SUHJY. UBS Group cut Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Zacks Research cut Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Sun Hung Kai Properties Stock Performance

SUHJY opened at $13.43 on Tuesday. Sun Hung Kai Properties has a fifty-two week low of $8.19 and a fifty-two week high of $13.55. The firm has a 50-day moving average of $12.27 and a 200 day moving average of $11.59.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops, sells, and leases properties, including residential estates, offices, shopping malls, industrial offices, and hotels and serviced suites. The company also provides property management services; construction-related services, including landscaping, electrical and mechanical installation, production and installation of wooden doors, and construction plant and machinery leasing; and insurance products to individuals and businesses comprising householder’s comprehensive, fire, employees’ compensation, travel, personal accident, motor vehicles, contractors’ all risks, third party liability, and property all risks.