Iao Kun Group Holding PT Lowered to $7.60 (IKGH)
Investment analysts at Sterne Agee lowered their target price on shares of Iao Kun Group Holding (NASDAQ:IKGH) from $9.50 to $7.60 in a note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price objective suggests a potential upside of 106.52% from the company’s current price.
Shares of Iao Kun Group Holding (NASDAQ:IKGH) traded down 3.16% during mid-day trading on Tuesday, hitting $3.68. 143,653 shares of the company’s stock traded hands. Iao Kun Group Holding has a 52-week low of $2.4043 and a 52-week high of $4.6126. The stock’s 50-day moving average is $3. and its 200-day moving average is $3.95. The company has a market cap of $220.7 million and a P/E ratio of 4.33.
Iao Kun Group Holding Co Ltd, formerly Asia Entertainment & Resources Ltd. is a holding company that conducts its primary business operations through its wholly owned subsidiary, Asia Gaming & Resort Limited (NASDAQ:IKGH), and its subsidiaries.
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