Echo Entertainment Group Ltd Receives “Reduce” Rating from CIMB (EGP)
Echo Entertainment Group Ltd (ASX:EGP)‘s stock had its “reduce” rating reiterated by analysts at CIMB in a research report issued to clients and investors on Sunday, American Banking and Market News reports. They currently have a $2.07 target price on the stock.
Echo Entertainment Group Ltd (ASX:EGP) traded up 2.59% during mid-day trading on Friday, hitting A$2.380. 3,297,240 shares of the company’s stock traded hands. Echo Entertainment Group Ltd has a 52-week low of A$2.130 and a 52-week high of A$3.780. The stock has a 50-day moving average of A$2.43 and a 200-day moving average of A$2.56.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank upgraded shares of Echo Entertainment Group Ltd from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $3.00 price target on the stock. They noted that the move was a valuation call.
Echo Entertainment Group Limited is engaged in the business of providing leisure and entertainment services, particularly in relation to casino gambling, entertainment and hospitality.
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