Zacks Investment Research upgraded shares of Sun Hung Kai Properties (OTCMKTS:SUHJY) from a hold rating to a buy rating in a report issued on Wednesday. Zacks Investment Research currently has $20.00 target price 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 Sunday, December 31st.

Shares of Sun Hung Kai Properties (SUHJY) traded up $0.07 during midday trading on Wednesday, reaching $17.14. The company’s stock had a trading volume of 72,271 shares, compared to its average volume of 20,442. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.53 and a quick ratio of 4.53. Sun Hung Kai Properties has a 52-week low of $13.12 and a 52-week high of $17.69.

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Sun Hung Kai Properties Company Profile

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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