Longfor Group (OTCMKTS:LGFRY) Shares Gap Up – Here’s What Happened

Shares of Longfor Group Holdings Limited (OTCMKTS:LGFRYGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at C$8.09, but opened at C$8.79. Longfor Group shares last traded at C$8.77, with a volume of 800 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Longfor Group to a “hold” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Longfor Group has an average rating of “Hold”.

Get Our Latest Report on LGFRY

Longfor Group Trading Up 9.4%

The company has a fifty day moving average price of C$8.69 and a two-hundred day moving average price of C$10.43.

Longfor Group Company Profile

(Get Free Report)

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.

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