Sun Hung Kai Properties (OTCMKTS:SUHJY) Hits New 12-Month High – Still a Buy?

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $17.9650 and last traded at $17.8550, with a volume of 58504 shares. The stock had previously closed at $17.57.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SUHJY shares. Zacks Research upgraded shares of Sun Hung Kai Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. CLSA raised Sun Hung Kai Properties to a “moderate buy” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Sun Hung Kai Properties presently has a consensus rating of “Buy”.

Sun Hung Kai Properties Stock Performance

The business’s 50 day simple moving average is $14.55 and its two-hundred day simple moving average is $13.11. The company has a quick ratio of 11.96, a current ratio of 11.96 and a debt-to-equity ratio of 0.15.

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.