Sunday, 17 December, 2017

Cineworld Acquiring Regal in Theater Deal Worth $3.6 Billion

The latest Star Wars installment The Last Jedi is set to boost cinema takings over Christmas
Credit Lucasfilm Ltd The latest Star Wars installment The Last Jedi is set to boost cinema takings over Christmas Credit Lucasfilm Ltd
Lora Ball | 06 December, 2017, 00:17

This is an increase of approximately 1,146% compared to the average daily volume of 222 put options. RGC has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on Regal Entertainment Group to $23.00 in a research report on Wednesday, November 29th.

The Cineworld Group based in the UK agreed to acquire Regal Entertainment Group a theater operator based in the United States for $3.6 billion to move into the world's largest movie market. BidaskClub cut shares of Regal Entertainment Group from a sell rating to a strong sell rating in a report on Thursday, August 10th.

When it comes to the Analysis of a Stock, Price Target plays a vital role. Regal Entertainment Group has an average rating of Hold and a consensus price target of $21.48.

Hedge funds have recently modified their holdings of the stock. Analysts predict that Regal Entertainment Group will post $1.25 EPS for the current fiscal year. NY now owns 206,425 shares of the company's stock worth $3,303,000 after purchasing an additional 28,175 shares during the period.

Was It 'Illegal' For Trump To Shrink Utah's Monuments? The Battle Begins
The tribes point to a federal lands law from the 1970s that says only Congress can actually reduce or nullify a national monument. Trump, he says, "listened to the local people, even though they weren't millions of voters, only 15,000 people in our community".

Target Introduces Wallet Payment Function
Today we're introducing Wallet in the Target app , a smart new way for guests to pay and save at Target stores. At check out, you simply open the Target app and scan the barcode in the Wallet section of the app.

Storm Caroline to bring snow and 80mph winds to the UK
Snowfall is expected to be of around two to five centimetres but over high ground it could be as much as 20 centimetres. Some of the showers will bring heavy hail, with an increasing risk of sleet and snow towards evening.

While looking at the Stock's Performance, Regal Entertainment Group now shows a Weekly Performance of 18.02%, where Monthly Performance is 30.24%, Quarterly performance is 32.34%, 6 Months performance is -1.16% and yearly performance percentage is -6.82%. Finally, Credit Suisse Group decreased their price objective on shares of Regal Entertainment Group from $17.00 to $13.00 and set an underperform rating for the company in a report on Thursday, September 28th.

Regal now has profit margins of 20 percent, something which Greidinger hopes to raise to Cineworld's 22 percent.

RGC's mean recommendation on Reuter's scale slipped from 2.33 thirty days ago to 2.15 now, which indicates a hold consensus from the analyst community. Regal Entertainment Group has a one year low of $13.90 and a one year high of $23.56. The company's P/E (price to earnings) ratio is 24.7 and Forward P/E ratio of 19.19.

Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Wednesday, April 26th. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 40%. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. The firm had revenue of $716.00 million for the quarter, compared to analysts' expectations of $701.66 million. They expect this year's earnings to fall -14.41% year-over-year to $0.95, followed by 11.58% growth in the next year to $1.06. Wall Street experts also assign a $18.89 price target on CNX Resources Corporation, pointing towards a 24.85% rally from current levels. Investors of record on Monday, June 5th will be paid a dividend of $0.22 per share.

Recommended