Galaxy Entertainment Group Limited (GXYEF) Receives Average Recommendation of “Hold” from Brokerages
Shares of Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company.
GXYEF has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut Galaxy Entertainment Group from an “overweight” rating to a “neutral” rating in a report on Tuesday, March 5th. Macquarie initiated coverage on Galaxy Entertainment Group in a report on Monday, April 8th. They issued an “outperform” rating for the company. Sanford C. Bernstein upgraded Galaxy Entertainment Group from a “mkt perform” rating to an “outperform” rating in a report on Friday, January 18th. Finally, Jefferies Financial Group started coverage on Galaxy Entertainment Group in a report on Monday, April 8th. They set a “hold” rating for the company.
Shares of Galaxy Entertainment Group stock traded up $0.11 on Monday, reaching $7.49. The company had a trading volume of 10,801 shares, compared to its average volume of 22,481. Galaxy Entertainment Group has a 1 year low of $5.00 and a 1 year high of $9.15.
Galaxy Entertainment Group Limited, an investment holding company, engages gaming and entertainment, and construction materials businesses in Macau, Hong Kong, and Mainland China. The company operates casino games of chance or games of other forms; and provides hospitality and related services. It owns and operates Galaxy Macau, an integrated resort; Broadway Macau, a landmark entertainment and food street destination situated; and StarWorld Macau, a 5-star hotel located in the Macau Peninsula, as well as City Club casinos.
Read More: Why is cost of goods sold important?
Receive News & Ratings for Galaxy Entertainment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galaxy Entertainment Group and related companies with MarketBeat.com's FREE daily email newsletter.