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

Zacks Investment Research upgraded shares of Swire Pacific (OTCMKTS:SWRAY – Get Rating) from a sell rating to a hold rating in a report published 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. “

Shares of SWRAY stock opened at $5.94 on Thursday. The company’s fifty day simple moving average is $5.84 and its 200-day simple moving average is $5.87. Swire Pacific has a 52 week low of $5.21 and a 52 week high of $8.05.

The business also recently announced a dividend, which was paid on Monday, May 16th. Shareholders of record on Wednesday, April 6th were paid a $0.1844 dividend. This represents a yield of 4.91%. The ex-dividend date was Tuesday, April 5th.

Swire Pacific Company Profile (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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