HENDERSON LD DE/S (OTCMKTS:HLDCY) Cut to Neutral at Bank of America

HENDERSON LD DE/S (OTCMKTS:HLDCY) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports.

A number of other equities analysts have also weighed in on HLDCY. Goldman Sachs Group raised shares of HENDERSON LD DE/S from a “neutral” rating to a “conviction-buy” rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised shares of HENDERSON LD DE/S from a “sell” rating to a “hold” rating and set a $5.75 target price for the company in a research note on Saturday, July 27th.

Shares of OTCMKTS HLDCY opened at $4.78 on Wednesday. The firm has a market cap of $22.99 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 1.64 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.16 and a current ratio of 2.16. HENDERSON LD DE/S has a 1-year low of $4.48 and a 1-year high of $6.52. The business has a fifty day moving average of $5.29.

HENDERSON LD DE/S Company Profile

Henderson Land Development Company Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. The company operates through Property Development, Property Leasing, Department Store Operation, Other Businesses, and Utility and Energy.

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