Regus PLC (RGU) Receives GBX 337.50 Average PT from Analysts
Shares of Regus PLC (LON:RGU) have earned an average rating of “Buy” from the eight brokerages that are covering the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 339.17 ($4.24).
RGU has been the topic of several recent research reports. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 300 ($3.75) target price on shares of Regus PLC in a report on Wednesday, August 10th. Canaccord Genuity restated a “buy” rating on shares of Regus PLC in a report on Friday, November 4th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 400 ($5.00) target price on shares of Regus PLC in a report on Tuesday, October 4th. Numis Securities Ltd lowered shares of Regus PLC to a “hold” rating and set a GBX 300 ($3.75) price objective on the stock. in a report on Wednesday, August 10th. Finally, Investec upgraded shares of Regus PLC to a “buy” rating and set a GBX 295 ($3.69) price objective on the stock in a report on Thursday, August 25th.
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Shares of Regus PLC (LON:RGU) opened at 227.20 on Tuesday. Regus PLC has a 52 week low of GBX 200.00 and a 52 week high of GBX 356.50. The stock’s 50 day moving average is GBX 246.44 and its 200 day moving average is GBX 283.52. The firm’s market cap is GBX 2.12 billion.
In other news, insider Dixon,Mark sold 37,000,000 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of GBX 275 ($3.44), for a total value of £101,750,000 ($127,123,938.03). Also, insider Dominik de Daniel bought 173,000 shares of the company’s stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of GBX 240 ($3.00) per share, with a total value of £415,200 ($518,740.63).
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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