Longfor Group (OTCMKTS:LGFRY) Raised to Hold at Zacks Research

Longfor Group (OTCMKTS:LGFRY) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group cut Longfor Group to a “neutral” rating in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Longfor Group Stock Up 2.3%

LGFRY opened at C$10.55 on Wednesday. The company has a fifty day moving average of C$11.43 and a two-hundred day moving average of C$12.21. Longfor Group has a fifty-two week low of C$9.40 and a fifty-two week high of C$15.49.

Longfor Group Company Profile

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.