Regal Entertainment Group Given New $22.00 Price Target at B. Riley (RGC)
Equities researchers at B. Riley hoisted their price objective on shares of Regal Entertainment Group (NYSE:RGC) from $20.00 to $22.00 in a research report issued on Monday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. B. Riley’s price objective would suggest a potential upside of 15.73% from the stock’s previous close.
Shares of Regal Entertainment Group (NYSE:RGC) opened at 19.01 on Monday. Regal Entertainment Group has a 52 week low of $13.27 and a 52 week high of $19.53. The stock has a 50-day moving average of $18.49 and a 200-day moving average of $18.07. The company has a market cap of $2.943 billion and a P/E ratio of 24.59.
Regal Entertainment Group (NYSE:RGC) last released its earnings data on Thursday, July 25th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. The company had revenue of $842.00 million for the quarter, compared to the consensus estimate of $842.56 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts expect that Regal Entertainment Group will post $0.92 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on RGC. Analysts at Macquarie raised their price target on shares of Regal Entertainment Group (NYSE:RGC) from $18.00 to $19.00 in a research note to investors on Tuesday, September 10th. They now have an “outperform” rating on the stock. Separately, analysts at Benchmark Co. initiated coverage on shares of Regal Entertainment Group (NYSE:RGC) in a research note to investors on Wednesday, September 4th. They set a “hold” rating and a $17.72 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Regal Entertainment Group (NYSE:RGC) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 19th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $21.06.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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