Longfor Group (OTCMKTS:LGFRY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Longfor Group (OTCMKTS:LGFRY) to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Separately, The Goldman Sachs Group cut shares of Longfor Group to a “neutral” rating in a research report on Wednesday, December 17th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Longfor Group Price Performance

Longfor Group stock remained flat at C$10.55 during mid-day trading on Wednesday. The company had a trading volume of 37,793 shares, compared to its average volume of 54,317. Longfor Group has a fifty-two week low of C$9.40 and a fifty-two week high of C$15.49. The firm’s 50 day moving average is C$11.43 and its 200-day moving average is C$12.21.

About Longfor Group

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.