Regis Corporation – Consensus Indicates Potential -36.4% Downside

Broker Ratings

Regis Corporation found using ticker (RGS) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 10 and 5 with the average target price sitting at 7.5. Now with the previous closing price of 11.8 this now indicates there is a potential downside of -36.4%. The day 50 moving average is 9.22 while the 200 day moving average is 7.73. The market capitalisation for the company is $459m. You can visit the company’s website by visiting: http://www.regiscorp.com

Regis Corporation owns, operates, and franchises hairstyling and hair care salons in the United States, the United Kingdom, Canada, and Puerto Rico. The company operates in two segments, Company-owned Salons and Franchise Salons. Its salons provide haircutting and styling, including shampooing and conditioning; hair coloring; and other services, as well as sells various hair care and other beauty products. The company also offers OpenSalon Pro, a cloud-based salon management and point of commerce solution; Supercuts mobile application (app) for check-in and booking services; and Cost Cutters mobile app and website for appointment booking services. It operates its salons primarily under the SmartStyle, Supercuts, Cost Cutters, Roosters, and First Choice Haircutters names. As of June 30, 2020, the company operated 6,923 salons, such as 5,209 franchised salons, 1,632 company-owned salons, and 82 non-controlling ownership salons. It also operates accredited cosmetology schools. Regis Corporation was founded in 1922 and is headquartered in Minneapolis, Minnesota.

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