Sun Hung Kai Properties (OTCMKTS:SUHJY) Upgraded to “Moderate Buy” at CLSA

CLSA upgraded shares of Sun Hung Kai Properties (OTCMKTS:SUHJY) to a moderate buy rating in a research note published on Tuesday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Zacks Research cut Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. UBS Group cut shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Sun Hung Kai Properties has an average rating of “Hold”.

Sun Hung Kai Properties Stock Performance

OTCMKTS:SUHJY traded down $0.23 during midday trading on Tuesday, hitting $13.20. 28,080 shares of the company traded hands, compared to its average volume of 86,001. Sun Hung Kai Properties has a 12-month low of $8.19 and a 12-month high of $13.55. The firm’s fifty day moving average is $12.27 and its 200-day moving average is $11.59.

About Sun Hung Kai Properties

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.