Regus PLC Upgraded by Panmure Gordon to “Buy” (RGU)
Regus PLC (LON:RGU) was upgraded by equities researchers at Panmure Gordon to a “buy” rating in a research report issued on Tuesday. The firm currently has a GBX 250 ($4.21) price objective on the stock. Panmure Gordon’s target price suggests a potential upside of 33.55% from the company’s current price.
Regus PLC (LON:RGU) traded up 2.03% on Tuesday, hitting GBX 191.00. 990,050 shares of the company’s stock traded hands. Regus PLC has a 52 week low of GBX 148.00 and a 52 week high of GBX 235.20. The stock’s 50-day moving average is GBX 208. and its 200-day moving average is GBX 210.0. The company’s market cap is £1.806 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Regus PLC in a research note on Monday, May 12th. They now have a GBX 280 ($4.71) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Regus PLC in a research note on Thursday, May 8th. They now have a GBX 220 ($3.70) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Regus PLC in a research note on Thursday, May 1st. They now have a GBX 250 ($4.21) price target on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 223.60 ($3.76).
Regus plc is a Luxembourg-based provider of global office outsourcing services. Its primary activity and business segment is the provision of global workplace solutions.
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