Swire Pacific (OTCMKTS:SWRAY) Shares Gap Up – Should You Buy?

Shares of Swire Pacific Ltd. (OTCMKTS:SWRAY) gapped up prior to trading on Tuesday. The stock had previously closed at $13.32, but opened at $13.8099. Swire Pacific shares last traded at $13.8099, with a volume of 246 shares traded.

Analysts Set New Price Targets

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

Swire Pacific Stock Down 0.4%

The firm’s fifty day moving average is $13.21 and its 200 day moving average is $11.87.

Swire Pacific Company Profile

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.