Swire Pacific Ltd. (SWRAY) Downgraded by Zacks Investment Research to Sell

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Swire Pacific Ltd. (OTCMKTS:SWRAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
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 (OTCMKTS:SWRAY) opened at 11.14 on Tuesday. The stock’s 50 day moving average price is $11.67 and its 200 day moving average price is $11.00. Swire Pacific has a 1-year low of $9.06 and a 1-year high of $12.13. The stock has a market capitalization of $16.76 billion and a PE ratio of 12.36.

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Swire Pacific Limited is a holding company. The Company’s segments are Property, Aviation, Beverages, Marine Services and Trading & Industrial. Swire Properties Limited’s business consists of areas, including property investment, hotel investment and property trading. Swire Properties’ property investment portfolio in Hong Kong consists of office and retail premises, serviced apartments and other luxury residential accommodation in various locations.
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