Regal Entertainment Group (NYSE:RGC) Lowered to “Neutral” at MKM Partners

Regal Entertainment Group (NYSE:RGC) was downgraded by MKM Partners from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, January 17th, MarketBeat Ratings reports. They presently have a $23.00 target price on the stock. MKM Partners’ price target points to a potential downside of 0.48% from the company’s current price.

Several other equities analysts also recently commented on RGC. Royal Bank of Canada raised shares of Regal Entertainment Group from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $20.00 in a report on Thursday, October 26th. They noted that the move was a valuation call. Wedbush set a $20.00 target price on shares of Regal Entertainment Group and gave the stock a “buy” rating in a report on Wednesday, October 25th. Loop Capital cut shares of Regal Entertainment Group from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research report on Wednesday, December 6th. Morgan Stanley upgraded shares of Regal Entertainment Group from an “underweight” rating to an “equal weight” rating and set a $17.00 price target on the stock in a research report on Thursday, October 5th. Finally, Credit Suisse Group cut their price objective on shares of Regal Entertainment Group from $17.00 to $13.00 and set an “underperform” rating on the stock in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $22.23.

Shares of Regal Entertainment Group (NYSE RGC) traded up $0.01 during trading hours on Wednesday, reaching $23.11. 4,198,170 shares of the company’s stock traded hands, compared to its average volume of 4,714,992. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78. Regal Entertainment Group has a twelve month low of $13.90 and a twelve month high of $23.56. The stock has a market capitalization of $3,628.62, a P/E ratio of 26.26, a P/E/G ratio of 2.24 and a beta of 1.05.

Several hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its position in shares of Regal Entertainment Group by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock valued at $100,000 after buying an additional 373 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Regal Entertainment Group by 3.4% during the second quarter. MML Investors Services LLC now owns 11,529 shares of the company’s stock valued at $236,000 after buying an additional 381 shares during the last quarter. National Asset Management Inc. lifted its position in shares of Regal Entertainment Group by 9.4% during the second quarter. National Asset Management Inc. now owns 9,939 shares of the company’s stock valued at $204,000 after buying an additional 852 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Regal Entertainment Group by 18.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,150 shares of the company’s stock valued at $187,000 after buying an additional 1,448 shares during the last quarter. Finally, Signet Financial Management LLC increased its holdings in shares of Regal Entertainment Group by 3.6% during the second quarter. Signet Financial Management LLC now owns 61,522 shares of the company’s stock valued at $1,259,000 after acquiring an additional 2,151 shares in the last quarter. 84.30% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Regal Entertainment Group (NYSE:RGC) Lowered to “Neutral” at MKM Partners” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://ledgergazette.com/2018/02/11/regal-entertainment-group-rgc-downgraded-to-neutral-at-mkm-partners.html.

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)

Receive News & Ratings for Regal Entertainment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Entertainment Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply