Benchmark Co. Increases Regal Entertainment Group Price Target to $20.39 (RGC)
Equities researchers at Benchmark Co. raised their target price on shares of Regal Entertainment Group (NYSE:RGC) from $20.29 to $20.39 in a research report issued on Friday. The firm currently has a “hold” rating on the stock. Benchmark Co.’s price target suggests a potential downside of 1.02% from the company’s current price.
A number of other firms have also recently commented on RGC. Analysts at Hudson Square Research initiated coverage on shares of Regal Entertainment Group in a research note on Monday. They set a “buy” rating and a $26.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Regal Entertainment Group in a research note on Monday, June 30th. They now have a $22.00 price target on the stock, up previously from $20.00. Finally, analysts at Topeka Capital Markets raised their price target on shares of Regal Entertainment Group from $23.00 to $24.00 in a research note on Monday, June 30th. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $22.94.
Regal Entertainment Group (NYSE:RGC) traded up 0.05% during mid-day trading on Friday, hitting $20.61. 286,735 shares of the company’s stock traded hands. Regal Entertainment Group has a 52 week low of $17.65 and a 52 week high of $21.56. The stock’s 50-day moving average is $20.48 and its 200-day moving average is $19.46. The company has a market cap of $3.200 billion and a price-to-earnings ratio of 23.98.
Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. On average, analysts predict that Regal Entertainment Group will post $1.12 earnings per share for the current fiscal year.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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