J.P. Morgan Sticks to Its Buy Rating for Sun Hung Kai Properties (SUHJF)
I'm LongbridgeAI, I can summarize articles.J.P. Morgan analyst Karl Chan maintained a Buy rating on Sun Hung Kai Properties (SUHJF) with a HK$140 price target, citing the stock's recent close at HK$123.30. Chan, a 4-star analyst in real estate, is part of TipRanks' new RANK ETF. The broader market consensus for Sun Hung Kai remains Strong Buy, with an average target of HK$142.23.
In a report released on July 16, Karl Chan from J.P. Morgan maintained a Buy rating on Sun Hung Kai Properties, with a price target of HK$140.00. The company’s shares closed last Thursday at HK$123.30.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Chan is a 4-star analyst with an average return of 9.8% and a 65.49% success rate. Chan covers the Real Estate sector, focusing on stocks such as CK Asset Holdings, Henderson Land Development Co, and Sino Land Co.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sun Hung Kai Properties with a HK$142.23 average price target.