Regal Entertainment Group PT Raised to $21.50 at B. Riley (RGC)
Research analysts at B. Riley boosted their target price on shares of Regal Entertainment Group (NYSE:RGC) from $20.50 to $21.50 in a report released on Tuesday. B. Riley’s price objective would suggest a potential upside of 10.14% from the stock’s previous close.
Shares of Regal Entertainment Group (NYSE:RGC) traded up 0.85% during mid-day trading on Tuesday, hitting $19.685. The stock had a trading volume of 197,074 shares. Regal Entertainment Group has a one year low of $16.47 and a one year high of $20.14. The stock has a 50-day moving average of $18.95 and a 200-day moving average of $19.16. The company has a market cap of $3.057 billion and a price-to-earnings ratio of 22.72.
Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Thursday, April 24th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.02. The company had revenue of $726.90 million for the quarter, compared to the consensus estimate of $716.39 million. During the same quarter last year, the company posted $0.13 earnings per share. Regal Entertainment Group’s revenue was up 13.1% compared to the same quarter last year. On average, analysts predict that Regal Entertainment Group will post $1.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Friday, May 30th.
A number of other firms have also recently commented on RGC. Analysts at Citigroup Inc. upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. They now have a $23.00 price target on the stock, up previously from $19.00. Analysts at Topeka Capital Markets upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. They now have a $23.00 price target on the stock, up previously from $19.00. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Regal Entertainment Group presently has a consensus rating of “Hold” and a consensus target price of $21.49.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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