ValuEngine downgraded shares of Sun Hung Kai Properties (OTCMKTS:SUHJY) from a hold rating to a sell rating in a report published on Monday.
Separately, Zacks Investment Research upgraded Sun Hung Kai Properties from a hold rating to a buy rating and set a $17.00 price target for the company in a research note on Tuesday, September 18th.
SUHJY opened at $14.04 on Monday. The stock has a market cap of $42.04 billion, a PE ratio of 12.10, a P/E/G ratio of 1.26 and a beta of 1.07. Sun Hung Kai Properties has a 52-week low of $13.83 and a 52-week high of $17.86.
Sun Hung Kai Properties Limited develops, sells, and rents real estate properties in Hong Kong, Mainland China, and Singapore. The company's properties include residential projects, offices, industrial buildings, and shopping centers. As of June 30, 2017, its land bank comprised 51.8 million square feet of gross floor area, including 29.8 million square feet of completed properties and 19.6 million square feet of properties under development, as well as approximately 28 million square feet of agricultural land in Hong Kong; and 66.5 million square feet in gross floor area on comprising 52.6 million square feet of properties for development, 12.8 million square feet of completed properties for rent/investment in Mainland China.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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