Hongkong Land (OTCMKTS:HNGKY) Hits New 1-Year High – Should You Buy?

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) reached a new 52-week high during trading on Thursday . The stock traded as high as $45.65 and last traded at $45.06, with a volume of 522 shares changing hands. The stock had previously closed at $42.8967.

Analyst Ratings Changes

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

Hongkong Land Stock Down 2.2%

The business has a 50 day moving average price of $38.49 and a 200-day moving average price of $34.08.

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.