Regus PLC (RGU) Receives Outperform Rating from Royal Bank Of Canada
RGU has been the topic of a number of other reports. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 300 ($3.92) price objective on shares of Regus PLC in a research note on Wednesday, August 10th. Investec upgraded Regus PLC to a buy rating and set a GBX 295 ($3.85) target price on the stock in a research note on Thursday, August 25th. Numis Securities Ltd lowered Regus PLC to a hold rating and set a GBX 300 ($3.92) target price on the stock. in a research note on Wednesday, August 10th. Peel Hunt restated a buy rating and issued a GBX 420 ($5.48) target price on shares of Regus PLC in a research note on Tuesday, August 9th. Finally, Canaccord Genuity decreased their target price on Regus PLC from GBX 390 ($5.09) to GBX 355 ($4.63) and set a buy rating on the stock in a research note on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of GBX 348.57 ($4.55).
Regus PLC (LON:RGU) traded up 0.26% during midday trading on Tuesday, reaching GBX 266.30. The company had a trading volume of 879,746 shares. Regus PLC has a 12-month low of GBX 200.00 and a 12-month high of GBX 356.50. The firm’s market capitalization is GBX 2.48 billion. The stock’s 50 day moving average is GBX 289.70 and its 200 day moving average is GBX 298.81.
The business also recently declared a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 8th will be given a dividend of GBX 1.55 ($0.02) per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a dividend yield of 0.48%.
In related news, insider Dixon,Mark sold 37,000,000 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of GBX 275 ($3.59), for a total transaction of £101,750,000 ($132,815,559.33).
Regus PLC Company Profile
Regus plc is a provider of global office outsourcing services. The Company’s operating segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and the United Kingdom. The Company operates over 3,000 business centers in approximately 900 cities. The Company’s locations provide a range of products and services that cater to the needs of its customers.
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