Cineworld to buy Regal Entertainment Group for $3.6 billion

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Shares of Regal Entertainment Group (NYSE:RGC) opened at 20.62 on Friday.

The price represents a premium of about 13 per cent compared with Regal's closing price on Monday, giving the U.S. company an implied enterprise value of $5.8bn. The Price to Sales (P/S) ratio of the stock is 1.04, while P/B (Price to Book) stands at 0. The firm had revenue of $716.00 million during the quarter, compared to analyst estimates of $701.66 million. Future earnings predictions are perhaps the most essential input when trying to value a company.

Regal, based in Knoxville, Tennessee, and owned by Philip Anschutz of Denver, operates 7,315 screens in 561 theaters in the US under brands including Regal Cinemas and United Artists. These analysts have also projected a Low Estimate of $0.28/share and a High Estimate of $0.48/share. It reported revenue of 798 million pounds, or about $1.1 billion, in its 2016 financial year. Royal Bank of Canada now owns 724,860 shares of the company's stock worth $14,831,000 after acquiring an additional 106,214 shares during the last quarter. Bronfman E.L. Rothschild L.P. now owns 5,519 shares of the company's stock valued at $113,000 after purchasing an additional 3,471 shares in the last quarter. The stock tapped a 52-week high of US$23.56 while the mean 12-month price target for the shares is US$19.44. The company now has a consensus rating of "Hold" and an average price target of $21.48.

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Latest analyst recommendations could offer little help to investors.

Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Wednesday, April 26th. The Return on Investment (ROI) ratio of Regal Entertainment Group (RGC) is 15.2 percent. An increasing ROE indicates that a company is improving its ability to make profit without requiring as much capital. Hedge funds and other institutional investors own 85.33% of the company's stock. 10 analysts recommended Overweight these shares while 1 recommended Underweight, according to FactSet data. Shares in the group have risen more than 13 per cent since news of merger talks first emerged.

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The goal of a stock price analysis is to study the behaviour of stock prices.

Regal Entertainment Group (RGC) stock price fell -3.85 percent over the past one year, while increased 0.39 percent during the past 6 months.

The approach by Cineworld was considered well-timed as shares in the US company have plunged more than 20 percent over the previous year on concerns over stagnant admissions at theatres. The stock's quarterly performance represents optimistic momentum of 30.87 percent.

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