MyEG sees heavy trade after rating upgrade by Credit Suisse

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KUALA LUMPUR (Aug 29): My EG Services Bhd's (MyEG) shares were heavily traded after Credit Suisse raised its rating on the stock to outperform from neutral.

At 4:09pm, MyEG was the fourth most actively traded stock, with 95.81 million shares done.

The share price was up 10 sen or 7.3% at RM1.47, giving the group a market capitalisation of RM5.26 billion.

Credit Suisse has raised MyEG's target price to RM1.90 from 80 sen.

Bloomberg data shows that the counter has three buy calls, three hold calls, and one sell call.