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Echo Entertainment Group (ASX:EGP)‘s stock had its “reduce” rating reiterated by CIMB in a research note issued on Monday, American Banking reports. They currently have a $2.07 price target on the stock.

Echo Entertainment Group (ASX:EGP) opened at 2.490 on Monday. Echo Entertainment Group has a one year low of A$2.130 and a one year 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$2.55.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank upgraded shares of Echo Entertainment Group from a “hold” rating to a “buy” rating in a research note on Friday. 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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