Shares of Crown Resorts have found solid support in the $12.80 to $13.00 area over the last several trading sessions.
With consistent casino and non-casino earnings from their Perth and Melbourne properties, investors are warming up to the potential benefits from CWN’s $2.2 billion project in Sydney; even if it’s 18 months from completion.
You're not a member! Trial today
At current levels, the stock is trading at 21X FY 2019 earnings for a partially franked yield of 4.5%.
Crown is included in our ASX Top 100 Model Portfolio.
Our near-term price target is just over $14.20, with a longer-term view to $15.75
Crown Resorts
