Swire Pacific (OTCMKTS:SWRAY) Shares Gap Up – Here’s What Happened

Swire Pacific Ltd. (OTCMKTS:SWRAY) shares gapped up before the market opened on Tuesday. The stock had previously closed at $13.07, but opened at $13.82. Swire Pacific shares last traded at $13.82, with a volume of 286 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Swire Pacific from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Swire Pacific Stock Performance

The stock has a 50-day moving average price of $13.15 and a 200-day moving average price of $11.78.

About Swire Pacific

Swire Pacific Limited is a Hong Kong-based diversified business group with operations spanning property, beverages and food, aviation, marine services, and trading and industrial activities. The company is the listed parent of a range of businesses associated with the Swire Group and serves customers and commercial partners across Asia and selected international markets.

Its property division, Swire Properties, develops, owns and manages premium commercial, retail and residential projects, particularly in Hong Kong and mainland China.