Regal to be acquired by Cineworld in a deal worth $3.6bn

Cineworld

Cineworld

If the published price targets set by Regal Entertainment Group analysts have any power to influence the stock's share price, the highest price target set for RGC is $24.75.

Looking forward, the company's quarterly earnings are expected to come at $0.59 in the three months through November 2017 and $0.59 in the quarter ending February 2018, reflecting 5.36% and 7.27% growth, respectively. Regal Entertainment Group's quarterly revenue was down 11.8% on a year-over-year basis. analysts anticipate that Regal Entertainment Group will post 0.95 earnings per share for the current year. NY increased its holdings in Regal Entertainment Group by 15.8% in the third quarter. Regal Entertainment Group dipped to as low as $20.15 throughout the day and has returned 0.63% in this year.

The approach by Cineworld was considered well-timed as shares in the US company have plunged more than 20 percent over the past year on concerns over stagnant admissions at theatres. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%.

Ohio State makes its case to the playoff committee
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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. This buyback authorization permits the company to purchase up to 2.2% of its shares through open market purchases. It reported revenue of 798 million pounds, or about $1.1 billion, in its 2016 financial year. The stock has a market capitalization of $3.22 billion, a P/E ratio of 18.09 and a beta of 0.92. Investors of record on Monday, June 5th will be paid a dividend of $0.22 per share. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. NY now owns 206,425 shares of the company's stock valued at $3,303,000 after buying an additional 28,175 shares during the last quarter. This represents a $0.88 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Friday, December 1st. Regal Entertainment Group's payout ratio is 101.15%.

When it comes to the Analysis of a Stock, Price Target plays a vital role. Finally, Credit Suisse Group dropped their price target on 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. If you are reading this story on another publication, it was illegally stolen and republished in violation of USA & global trademark and copyright law.

The companies are merging into one large cinema giant that will have roughly 9,500 screens across the USA and Europe, creating the world's second largest cinema group. The Company manages its business under theatre exhibition operations segment.

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