Echo Entertainment Group’s “Hold” Rating Reaffirmed at CIMB (EGP)
Echo Entertainment Group (ASX:EGP)‘s stock had its “hold” rating reiterated by analysts at CIMB in a research report issued to clients and investors on Tuesday. They currently have a $2.75 price objective on the stock.
Echo Entertainment Group (ASX:EGP) traded up 0.63% on Tuesday, hitting A$3.170. The stock had a trading volume of 1,599,326 shares. Echo Entertainment Group has a 52 week low of A$2.130 and a 52 week high of A$3.430. The stock has a 50-day moving average of A$3.21 and a 200-day moving average of A$2.84. The company has a market cap of A$2.617 billion and a price-to-earnings ratio of 24.42.
Other equities research analysts have also recently issued reports about 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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