Regal Entertainment Group (RGC) : Zacks Investment Research ranks Regal Entertainment Group (RGC) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.18, which indicates as a Buy.
Regal Entertainment Group (RGC) : Currently there are 14 street experts covering Regal Entertainment Group (RGC) stock. The most bullish and bearish price target for the stock is $31 and $18 respectively for the short term. The average price target of all the analysts comes to $23.03. The estimated standard deviation from the target is $3.56.
Company shares have received an average consensus rating of Hold for the current week
Regal Entertainment Group (NYSE:RGC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.00 and $21.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.20, notching a gain of 0.91% for the day. The total traded volume was 1,347,131 . The stock had closed at $22.00 on the previous day.
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