Echo Entertainment Group Receives Buy Rating from Deutsche Bank (EGP)
Echo Entertainment Group (ASX:EGP)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Friday. They currently have a $3.80 target price on the stock. The analysts noted that the move was a valuation call.
Echo Entertainment Group (ASX:EGP) traded up 2.68% during mid-day trading on Friday, hitting A$3.060. The stock had a trading volume of 18,988,644 shares. Echo Entertainment Group has a 1-year low of A$2.130 and a 1-year high of A$3.150. The stock’s 50-day moving average is A$2.83 and its 200-day moving average is A$2.57. The company has a market cap of A$2.527 billion and a P/E ratio of 39.21.
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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