Swire Pacific Ltd. (SWRAY) Raised to Hold at Zacks Investment Research
Swire Pacific Ltd. (OTCMKTS:SWRAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
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. “
Shares of Swire Pacific (OTCMKTS:SWRAY) opened at 10.76 on Wednesday. The company’s 50-day moving average price is $11.01 and its 200-day moving average price is $11.15. Swire Pacific has a 52-week low of $9.06 and a 52-week high of $12.13. The firm has a market capitalization of $16.19 billion, a P/E ratio of 11.94 and a beta of 1.06.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/swire-pacific-ltd-swray-raised-to-hold-at-zacks-investment-research.html
Swire Pacific Company Profile
Swire Pacific Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The Company operates through five segments. The Property segment is engaged in the investment, development and operation of commercial properties in Hong Kong and Mainland China. The Aviation segment is engaged in airline operation, airline engineering, air cargo terminal operation, as well as the provision of airline catering and ground services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Swire Pacific Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swire Pacific Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.