Swire Pacific (OTCMKTS:SWRAY – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.
Swire Pacific Stock Down 0.5%
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 firm’s fifty day simple moving average is $13.26 and its two-hundred day simple moving average is $11.56.
About Swire Pacific
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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