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

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

A number of other analysts have also commented on SUHJY. CLSA upgraded Sun Hung Kai Properties to a “moderate buy” rating in a research report on Tuesday, November 11th. UBS Group cut 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.com, Sun Hung Kai Properties presently has a consensus rating of “Buy”.

Sun Hung Kai Properties Price Performance

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 stock has a fifty day moving average of $12.78 and a 200-day moving average of $12.29.

About Sun Hung Kai Properties

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.