Analysts Set Regal Entertainment Group (RGC) Target Price at $21.80

Shares of Regal Entertainment Group (NYSE:RGC) have been given an average rating of “Hold” by the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.80.

A number of research analysts recently issued reports on the company. Piper Jaffray set a $23.00 target price on Regal Entertainment Group and gave the stock a “hold” rating in a report on Wednesday, January 3rd. B. Riley lowered Regal Entertainment Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $24.75 to $23.00 in a research report on Tuesday, January 2nd. Zacks Investment Research lowered Regal Entertainment Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Wedbush set a $23.00 price target on Regal Entertainment Group and gave the company a “hold” rating in a research report on Monday, January 8th. Finally, MKM Partners lowered Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research report on Wednesday, January 17th.

A number of hedge funds and other institutional investors have recently made changes to their positions in RGC. Sand Grove Capital Management LLP acquired a new stake in Regal Entertainment Group during the 4th quarter worth about $64,187,000. Alpine Associates Management Inc. acquired a new stake in Regal Entertainment Group during the 4th quarter worth about $43,516,000. Halcyon Management Partners LP acquired a new stake in Regal Entertainment Group during the 4th quarter worth about $37,942,000. Neuberger Berman Group LLC boosted its position in Regal Entertainment Group by 20.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 5,966,512 shares of the company’s stock worth $95,464,000 after acquiring an additional 1,032,378 shares during the period. Finally, Carillon Tower Advisers Inc. acquired a new stake in Regal Entertainment Group during the 4th quarter worth about $22,229,000. Hedge funds and other institutional investors own 76.23% of the company’s stock.



NYSE:RGC traded up $0.02 during mid-day trading on Thursday, reaching $22.99. 4,489,900 shares of the stock were exchanged, compared to its average volume of 4,310,940. Regal Entertainment Group has a 1-year low of $13.90 and a 1-year high of $23.17. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of -2.84.

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About Regal Entertainment Group

Regal Entertainment Group is an operator of theatre circuits in the United States. As of March 31, 2017, the Company operated 7,262 screens in 559 theatres in 43 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.

Analyst Recommendations for Regal Entertainment Group (NYSE:RGC)

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