ValuEngine Downgrades Sun Hung Kai Properties (SUHJY) to Sell

ValuEngine lowered shares of Sun Hung Kai Properties (OTCMKTS:SUHJY) from a hold rating to a sell rating in a research report 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 target price for the company in a research note on Tuesday, September 18th.

Shares of OTCMKTS:SUHJY opened at $14.04 on Monday. Sun Hung Kai Properties has a twelve month low of $13.83 and a twelve month high of $17.86. The company has a market cap of $42.04 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.26 and a beta of 1.07.

About Sun Hung Kai Properties

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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