Sun Hung Kai Properties (OTCMKTS:SUHJY) Sets New 52-Week High – Time to Buy?

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) shares hit a new 52-week high during trading on Thursday . The company traded as high as $14.79 and last traded at $14.78, with a volume of 8387 shares. The stock had previously closed at $14.19.

Analysts Set New Price Targets

A number of brokerages have issued reports on SUHJY. CLSA raised Sun Hung Kai Properties to a “moderate buy” rating in a report on Tuesday, November 11th. Zacks Research upgraded shares of Sun Hung Kai Properties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Finally, UBS Group lowered shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Sun Hung Kai Properties Stock Up 4.2%

The company has a current ratio of 11.96, a quick ratio of 11.96 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $12.89 and its two-hundred day simple moving average is $12.36.

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.