CLSA analyst Jeffrey Kiang maintained a Buy rating on Galaxy Entertainment Group today and set a price target of HK$50.50. The company’s shares closed last Friday at $5.05.
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Kiang covers the Consumer Cyclical sector, focusing on stocks such as Galaxy Entertainment Group, SJM Holdings, and MGM China Holdings. According to TipRanks, Kiang has an average return of 15.0% and a 67.02% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Galaxy Entertainment Group with a $6.80 average price target.
Based on Galaxy Entertainment Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $23.25 billion and a net profit of $5.24 billion. In comparison, last year the company earned a revenue of $21.47 billion and had a net profit of $4.39 billion
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