Swire Pacific (OTCMKTS:SWRAY) Lifted to Hold at Zacks Investment Research

Swire Pacific (OTCMKTS:SWRAYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “SWIRE PACIFIC LIMITED is one of Hong Kong’s leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The company’s operations are predominantly based in the Greater China region, where the Swire group has been established for over 130 years. Swire Pacific seeks to foster long-term, sustainable growth through active participation in management, underpinned by a strong financial base. “

Swire Pacific stock opened at $5.88 on Thursday. The business has a 50-day simple moving average of $5.84 and a two-hundred day simple moving average of $5.87. Swire Pacific has a 52-week low of $5.21 and a 52-week high of $8.05.

About Swire Pacific (Get Rating)

Swire Pacific Limited engages in property, aviation, beverages, marine, and trading and industrial businesses in Hong Kong, Mainland China, rest of Asia, the United States, and internationally. The company's Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office and retail premises, serviced apartments, other luxury residential accommodations, and commercial mixed-use developments; and trading portfolio consists of residential properties.

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