CIMB Reiterates Hold Rating for Echo Entertainment Group (EGP)
EGP has been the subject of a number of other recent research reports. 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.
Shares of Echo Entertainment Group (ASX:EGP) traded down 1.25% on Wednesday, hitting A$3.150. The stock had a trading volume of 1,669,862 shares. Echo Entertainment Group has a 1-year low of A$2.130 and a 1-year high of A$3.430. The stock has a 50-day moving average of A$3.20 and a 200-day moving average of A$2.87. The company has a market cap of A$2.601 billion and a P/E ratio of 24.73.
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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