Echo Entertainment Group Stock Rating Reaffirmed by CIMB (EGP)
Shares of Echo Entertainment Group (ASX:EGP) traded down 0.31% during mid-day trading on Monday, hitting A$3.180. The stock had a trading volume of 3,704,389 shares. Echo Entertainment Group has a 52-week low of A$2.130 and a 52-week high of A$3.430. The stock’s 50-day moving average is A$3.20 and its 200-day moving average is A$2.80. The company has a market cap of A$2.626 billion and a price-to-earnings ratio of 24.73.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Echo Entertainment Group in a research note on Monday, June 30th. They now have a $3.80 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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