Jefferies analyst Andrew Lee, CFA upgraded MGM China Holdings (MCHVF – Research Report) to a Buy today and set a price target of HK$15.30. The company’s shares closed yesterday at $1.54.
According to TipRanks, Lee, CFA is an analyst with an average return of -5.8% and a 23.53% success rate. Lee, CFA covers the Industrials sector, focusing on stocks such as COSCO SHIPPING Holdings Co, Cathay Pacific Airways, and Orient Overseas (International).
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MGM China Holdings with a $1.92 average price target, implying a 24.68% upside from current levels. In a report released on February 14, HSBC also maintained a Buy rating on the stock with a HK$15.00 price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $1.69 and a one-year low of $0.97. Currently, MGM China Holdings has an average volume of 1,512.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MGM China Holdings (MCHVF) Company Description:
MGM China Holdings Ltd. is an investment company, which engages in the development and operation of gaming and lodging resorts. The company involves in owning and management of casino, hotel, food and beverage, and retail operations. Its properties include MGM Macau and MGM Cotai. The company was founded on July 2, 2010 and is headquartered in Macau.
Read More on MCHVF:
