JPMorgan Chase & Co. Reiterates “Neutral” Rating for Regus PLC (RGU)
Regus PLC (LON:RGU)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a research report issued on Thursday. They currently have a GBX 280 ($3.50) price objective on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 23.46% from the stock’s previous close.
RGU has been the topic of several other reports. Canaccord Genuity restated a “buy” rating on shares of Regus PLC in a research 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 research report on Tuesday, October 4th. Numis Securities Ltd cut shares of Regus PLC to a “hold” rating and set a GBX 300 ($3.75) target price on the stock. in a research report on Wednesday, August 10th. Investec upgraded shares of Regus PLC to a “buy” rating and set a GBX 295 ($3.69) target price on the stock in a research report on Thursday, August 25th. Finally, Peel Hunt restated a “buy” rating and set a GBX 420 ($5.25) target price on shares of Regus PLC in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 341.43 ($4.27).
Shares of Regus PLC (LON:RGU) opened at 227.20 on Thursday. The firm has a 50-day moving average of GBX 246.44 and a 200 day moving average of GBX 283.52. Regus PLC has a one year low of GBX 200.00 and a one year high of GBX 356.50. The stock’s market capitalization is GBX 2.12 billion.
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In other Regus PLC 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 ($3.44), 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 on Friday, November 4th. The stock was bought at an average price of GBX 240 ($3.00) per share, for a total transaction 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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