Echo Entertainment Group Upgraded to “Buy” by Deutsche Bank (EGP)
Echo Entertainment Group (ASX:EGP) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Sunday, Stock Ratings Network reports. The firm currently has a $3.00 price objective on the stock. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on EGP. Analysts at CIMB reiterated a “reduce” rating on shares of Echo Entertainment Group in a research note on Monday, February 17th. They now have a $2.07 price target on the stock.
Echo Entertainment Group (ASX:EGP) opened at 2.500 on Friday. 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$2.5.
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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