Analysts upbeat on the outlook for Galaxy Entertainment
The Galaxy Entertainment (HKG:27) share price has risen by 12.3% over the past month and it’s currently trading at HK$46.4. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Galaxy Entertainment currently has:
9 Buy recommendations
0 Hold recommendations
0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
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Beyond analyst recommendations
At its current price of HK$46.4, shares in Galaxy Entertainment are trading at a discount of -24.7% to its 52 week high price. The 1-year performance of the shares has been -23.6%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Galaxy Entertainment it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Galaxy Entertainment that you can find out about here.