Regal Entertainment Group (RGC) : 7 brokerage houses believe that Regal Entertainment Group (RGC) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Regal Entertainment Group (RGC). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Buy with a rating of 2.29.
Regal Entertainment Group (RGC) stock is expected to deviate a maximum of $3.36 from the average target price of $23.52 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $31 and the most muted being $18.
Company shares have received an average consensus rating of Hold for the current week Regal Entertainment Group (NYSE:RGC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.83 and $21.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.88, notching a gain of 0.69% for the day. The total traded volume was 1,724,490 . The stock had closed at $21.73 on the previous day.
In a related news, The Officer (Evp, General Counsel, Sec.), of REGAL ENTERTAINMENT GROUP, Brandow Peter B had unloaded 49,024 shares at $21.51 per share in a transaction on June 29, 2016. The total value of transaction was $1,054,506. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Companys theatre circuit consists of around 7,367 screens in 574 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. It operates multi-screen theatres and has an average of around 12.8 screens per location. The Company develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. The Company is the parent company of Regal Entertainment Holdings, Inc. (REH), which is the parent company of Regal Cinemas Corporation (Regal Cinemas) and its subsidiaries that include Regal Cinemas, Inc. (RCI), Edwards Theatres, Inc. (Edwards), Regal CineMedia Corporation (RCM) and United Arti