Sun Hung Kai Properties (SUHJY) Stock Rating Upgraded by Zacks Investment Research

Sun Hung Kai Properties (OTCMKTS:SUHJY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, January 10th. The firm currently has a $20.00 price target on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 16.41% from the company’s current price.

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 upgraded Sun Hung Kai Properties from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

Sun Hung Kai Properties (OTCMKTS:SUHJY) traded up $0.03 during mid-day trading on Wednesday, hitting $17.18. The stock had a trading volume of 762 shares, compared to its average volume of 24,257. Sun Hung Kai Properties has a 1-year low of $13.21 and a 1-year high of $17.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.53 and a quick ratio of 4.53.

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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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