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Echo Entertainment Group (ASX:EGP)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Monday. 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 down 1.57% during mid-day trading on Monday, hitting A$3.140. The stock had a trading volume of 4,326,103 shares. Echo Entertainment Group has a 1-year low of A$2.130 and a 1-year high of A$3.260. The stock has a 50-day moving average of A$2.91 and a 200-day moving average of A$2.61. The company has a market cap of A$2.593 billion and a P/E ratio of 41.97.

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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