Notable Stock Analysts Ratings Regal Entertainment Group (RGC)

Andrew Cummings
December 5, 2017

Shares in the group have risen more than 13 per cent since news of merger talks first emerged. The Manufacturers Life Insurance Company grew its holdings in Regal Entertainment Group by 8.3% in the 2nd quarter. 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.

The acquisition price of $23 per Regal share values the entire issued and to be issued share capital of Regal at $3.6 billion or about 2.7 billion pounds, with an implied enterprise value of $5.8 billion or 4.3 billion pounds. Pacer Advisors Inc. increased its stake in shares of Regal Entertainment Group by 9.2% in the third quarter.

Regal Entertainment Group (RGC) will report its next earnings on Oct 24 AMC. The company's institutional ownership is monitored at 73.7 percent.

A number of analysts have recently issued reports on the company.

The UK cinema group will pay $23 a share for Regal.

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. Shares of Regal closed on Monday at $20.73 a share. Regal Entertainment Group presently has an average rating of "Hold" and a consensus target price of $21.48. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company's stock.

Regal Entertainment Group (NYSE:RGC) traded up $0.51 during trading on Wednesday, reaching $20.50. 5,934,800 shares of the company traded hands, compared to its average volume of 2,897,122. The company has a debt-to-equity ratio of -2.84, a quick ratio of 0.78 and a current ratio of 0.84. According to these analysts, the Low Revenue Estimate for Regal Entertainment Group is 867.3 Million and the High Revenue Estimate is 917.2 Million.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Tuesday, October 24th. The Return on Equity (ROE) value stands at -16.4%. During the same quarter in the previous year, the business earned $0.29 EPS.

The acquisition is expected to be strongly accretive to earnings in the first full year following Completion in fiscal 2019. The ex-dividend date is Friday, December 1st. Regal Entertainment Group's dividend payout ratio (DPR) is 106.02%.

The $6.3 billion transaction was approved unanimously by Regal's and Cineworld's boards of directors. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

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