Guotai Haitong analyst maintained a Buy rating on Galaxy Entertainment Group yesterday and set a price target of HK$47.30. The company’s shares closed yesterday at HK$41.76.
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Galaxy Entertainment Group has an analyst consensus of Strong Buy, with a price target consensus of HK$48.43, representing a 15.96% upside. In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$47.61 price target.
Based on Galaxy Entertainment Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$23.25 billion and a net profit of HK$5.24 billion. In comparison, last year the company earned a revenue of HK$21.47 billion and had a net profit of HK$4.39 billion