Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) Receives Consensus Rating of “Buy” from Brokerages

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Shares of Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) have earned an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company.

A number of brokerages have recently commented on GXYEF. Macquarie began coverage on Wynn Macau in a report on Monday, April 8th. They set an “outperform” rating on the stock. Jefferies Financial Group raised their price target on Las Vegas Sands from $57.00 to $69.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, JPMorgan Chase & Co. set a $69.00 price target on Helmerich & Payne and gave the company a “buy” rating in a report on Wednesday, June 5th.

Shares of GXYEF traded down $0.16 during trading hours on Wednesday, reaching $7.16. 5,126 shares of the company’s stock traded hands, compared to its average volume of 21,099. Galaxy Entertainment Group has a twelve month low of $5.00 and a twelve month high of $8.31. The stock has a fifty day simple moving average of $6.62.

Galaxy Entertainment Group Company Profile

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.

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Analyst Recommendations for Galaxy Entertainment Group (OTCMKTS:GXYEF)

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