Echo Entertainment Group Upgraded to Buy by Deutsche Bank (EGP)
Echo Entertainment Group (ASX:EGP) was upgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Analyst Ratings News reports. The firm currently has a $3.00 target price on the stock. The analysts noted that the move was a valuation call.
Echo Entertainment Group (ASX:EGP) traded up 0.82% on Friday, hitting A$2.450. 1,244,998 shares of the company’s stock traded hands. Echo Entertainment Group has a one year low of A$2.130 and a one year high of A$3.780. The stock’s 50-day moving average is A$2.43 and its 200-day moving average is A$2.55.
Separately, analysts at CIMB reiterated a “reduce” rating on shares of Echo Entertainment Group in a research note on Sunday, February 9th. They now have a $2.07 price target on the stock.
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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