Sun Hung Kai Properties (SUHJY) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Sun Hung Kai Properties (OTCMKTS:SUHJY) from a hold rating to a buy rating in a research note issued to investors on Saturday. The brokerage currently has $18.00 price target on the stock.

According to Zacks, “Sun Hung Kai Properties Limited is an investment holding company. The Company is engaged in the development of and investment in properties for sale and rent, hotel operation, telecommunications, transportation, infrastructure and logistics. Its segments include Property sales, Property rental, Hotel operation, Telecommunications, Transport infrastructure and logistics, and other businesses. The Property sales and Property rental segments operate in Hong Kong, Mainland China and Singapore. Its Property development for sale business includes land acquisition, project planning, sales and marketing, and property management. It builds leases and manages a range of commercial projects in both core and decentralized areas that provide office and retail space to tenants. It has a portfolio of hotels, serviced suites and residences. Its other businesses include property management, construction, mortgage and other loan financing, data center facilities and department store. “

Separately, ValuEngine raised Sun Hung Kai Properties from a hold rating to a buy rating in a research note on Friday, September 1st.

Sun Hung Kai Properties (OTCMKTS SUHJY) traded down $0.19 during trading on Friday, reaching $16.20. The company’s stock had a trading volume of 11,682 shares, compared to its average volume of 10,959. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 0.01. Sun Hung Kai Properties has a 12 month low of $12.43 and a 12 month high of $17.69.

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About Sun Hung Kai Properties

Sun Hung Kai Properties Limited is an investment holding company. The Company is engaged in the development of and investment in properties for sale and rent, hotel operation, telecommunications, transportation, infrastructure and logistics. Its segments include Property sales, Property rental, Hotel operation, Telecommunications, Transport infrastructure and logistics, and Other businesses.

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