Barclays Capital Raises Price Target on Regal Entertainment (RGC)

By admin | 6 years ago

Research analysts at Barclays Capital (NYSE: BCS) upped their target price on shares of Regal Entertainment (NYSE: RGC) from $14.00 to $16.00 in a report released on Wednesday. The firm currently has an “overweight” rating on the stock.

Regal Entertainment opened at 14.39 on Wednesday. Regal Entertainment has a 52-week low of $11.15 and a 52-week high of $14.74. The company has a market cap of $2.211 billion and a price-to-earnings ratio of 55.35.

The company last announced its quarterly results on Tuesday, May 1st. It reported $0.30 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.15 EPS by $0.15. The company’s quarterly revenue was up 20.0% on a year-over-year basis. Analysts expect that Regal Entertainment will post $0.25 EPS next quarter.

RGC has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus upgraded shares of Regal Entertainment from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $17.00 price target on the stock. Separately, analysts at Nomura (NYSE: NMR) initiated coverage on shares of Regal Entertainment in a research note to investors on Monday, March 26th. They set a “neutral” rating on the stock. Finally, analysts at Piper Jaffray (NYSE: PJC) upgraded shares of Regal Entertainment from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, February 14th. They now have a $16.00 price target on the stock, up previously from $15.00.

Regal Entertainment Group (Regal) is the parent company of Regal Entertainment Holdings, Inc. (REH). The Company’s business includes theatre exhibition operations.

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