Hongkong Land (OTCMKTS:HNGKY) Shares Gap Up – Here’s What Happened

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) gapped up before the market opened on Wednesday . The stock had previously closed at $41.50, but opened at $43.1480. Hongkong Land shares last traded at $43.1480, with a volume of 771 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Hongkong Land to a “buy” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Hongkong Land Stock Up 0.6%

The company has a 50 day moving average of $41.14 and a 200-day moving average of $35.50.

About Hongkong Land

Hongkong Land Holdings Limited (OTCMKTS: HNGKY) is a leading property investment, management and development group focused on premier real estate in Asia’s major financial centres. Established in 1889, the company specialises in owning, managing and developing a diversified portfolio that spans premium office towers, retail complexes, select residential schemes and hospitality assets.

The group’s flagship properties include landmark office developments such as Jardine House and Exchange Square in Central, Hong Kong, alongside The Landmark retail precinct.