Swire Pacific (OTCMKTS:SWRAY) Stock Rating Cut to Hold at Zacks Research

Zacks Research downgraded shares of Swire Pacific (OTCMKTS:SWRAY – Free Report) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks reports.

Swire Pacific Trading Down 0.5%

Shares of OTCMKTS:SWRAY opened at $13.61 on Monday. Swire Pacific has a 52-week low of $7.77 and a 52-week high of $14.28. The company has a fifty day moving average of $13.26 and a 200-day moving average of $11.56.

Swire Pacific Company Profile

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Swire Pacific Limited is a Hong Kong-based diversified business group with operations spanning property, beverages and food, and aviation. The company is part of the wider Swire group, whose business roots date to the early 19th century, and has developed into a major operator and investor in Asia.

Through Swire Properties, the group develops, owns and manages commercial, retail, residential and hotel properties, with a significant presence in Hong Kong and growing operations in selected mainland Chinese cities and other Asian markets.

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