Regus PLC (LON:RGU)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday. They presently have a GBX 400 ($5.22) price objective on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 51.69% from the stock’s previous close.
Several other equities analysts also recently issued reports on RGU. JPMorgan Chase & Co. cut their target price on Regus PLC from GBX 280 ($3.65) to GBX 270 ($3.52) and set a “neutral” rating on the stock in a research report on Thursday, August 25th. Canaccord Genuity cut 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 report on Monday, August 15th. Investec raised Regus PLC to a “buy” rating and set a GBX 295 ($3.85) target price on the stock in a research report on Thursday, August 25th. Peel Hunt reissued a “buy” rating and issued a GBX 420 ($5.48) target price on shares of Regus PLC in a research report on Tuesday, August 9th. Finally, Numis Securities Ltd downgraded Regus PLC to a “hold” rating and set a GBX 300 ($3.92) target price on the stock. in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Regus PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 348.57 ($4.55).
Regus PLC (LON:RGU) opened at 263.70 on Tuesday. The stock has a 50 day moving average price of GBX 288.42 and a 200 day moving average price of GBX 298.55. The stock’s market capitalization is GBX 2.46 billion. Regus PLC has a 12 month low of GBX 200.00 and a 12 month high of GBX 356.50.
The business also recently declared a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be given a dividend of GBX 1.55 ($0.02) per share. This represents a yield of 0.48%. The ex-dividend date of this dividend is Thursday, September 8th.
In other news, insider Dixon,Mark sold 37,000,000 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was 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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