Regal Entertainment Group Upgraded by Ned Davis Research to “Buy” (RGC)
Regal Entertainment Group (NYSE:RGC) was upgraded by investment analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, American Banking News reports.
Shares of Regal Entertainment Group (NYSE:RGC) traded up 0.47% during mid-day trading on Monday, hitting $19.38. The stock had a trading volume of 548,576 shares. Regal Entertainment Group has a 1-year low of $14.99 and a 1-year high of $20.14. The stock’s 50-day moving average is $19.51 and its 200-day moving average is $19.05. The company has a market cap of $3.002 billion and a P/E ratio of 17.49.
A number of other analysts have also recently weighed in on RGC. Analysts at Wedbush raised their price target on shares of Regal Entertainment Group from $18.00 to $21.50 in a research note to investors on Friday. Separately, analysts at TheStreet downgraded shares of Regal Entertainment Group from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 9th. Finally, analysts at Wunderlich reiterated a “buy” rating on shares of Regal Entertainment Group in a research note to investors on Tuesday, December 31st. They now have a $28.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.87.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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