B. Riley Reiterates a Hold Rating on Regal EntertainmentBy Jason Carr
In a report issued on October 28, Eric Wold from B. Riley reiterated a Hold rating on Regal Entertainment (NYSE: RGC), with a price target of $24.75. The company’s shares closed last Friday at $21.28.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 10.4% and a 55.4% success rate. Wold covers the Services sector, focusing on stocks such as Salem Communications Corp., Reading International Inc, and Cinemark Holdings Inc.
Currently, the analyst consensus on Regal Entertainment is Moderate Buy and the average price target is $24.05, representing a 13.0% upside.
In a report issued on October 28, FBR Capital also reiterated a Hold rating on the stock with a $26 price target.
The company has a one year high of $24.19 and a one year low of $16.50. Currently, Regal Entertainment has an average volume of 1.38M.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Last month, Gregory Dunn, a the President & COO of RGC sold 30,765 shares for a total of $669,139.
Regal Entertainment Group operates geographically diverse theatre circuit in the U.S. It develops, acquires and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets throughout the U.S. The company was founded in 1989 and is headquartered in Knoxville, TN.