MGM Resorts (NYSE:MGM) target bumped up to $32.00, released a research note today by Nomura
- Updated: October 9, 2016
In a statement issued on 10/05/2016 Nomura increased the stock price target of MGM Resorts (NYSE:MGM) from $28.00 to $32.00 stating a possible upside of 0.22%.
Previously on 6/09/2016, Stifel Nicolaus reported about MGM Resorts (NYSE:MGM) raised the target price from $27.00 to $30.00. At the time, this indicated a possible upside of 0.20%.
Yesterday MGM Resorts (NYSE:MGM) traded -1.42% lower at $26.23. The company’s 50-day moving average is $25.09 and its 200-day moving average is $23.48. The last stock close price is up 12.51% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,767,315 shares of the stock were exchanged, down from an average trading volume of 5,214,920
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MGM Resorts has a with a one year low of $16.18 and a one year high of $27.04 MGM’s total market value is presently $0.
A total of 15 brokers have issued a research note on MGM. 0 brokers rating the stock a strong buy, zero equity analysts rating the company a buy, zero analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a consensus target price of $28.60.
About MGM Resorts (NYSE:MGM)
MGM Resorts International is a holding company. The Company owns and operates casino resorts. It operates in two segments: wholly owned domestic resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It has additional business activities, including its investments in unconsolidated affiliates, and other corporate and management operations. Its wholly owned domestic resorts consisted of casino resorts in Las Vegas, Nevada, which includes Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, Monte Carlo and Circus Circus Las Vegas. It also operates other casinos, which includes MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi, and Gold Strike Tunica in Tunica, Mississippi. MGM China's operations consist of the MGM Macau resort and casino and the development of an integrated casino, hotel, and entertainment resort on the Cotai Strip in Macau.
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