Regus PLC’s “Buy” Rating Reiterated at Numis Securities Ltd (RGU)
Regus PLC (LON:RGU)‘s stock had its “buy” rating reaffirmed by Numis Securities Ltd in a research note issued on Wednesday. They currently have a GBX 260 ($4.30) price target on the stock. Numis Securities Ltd’s price target indicates a potential upside of 45.25% from the stock’s previous close.
Regus PLC (LON:RGU) opened at 174.775 on Wednesday. Regus PLC has a 1-year low of GBX 168.80 and a 1-year high of GBX 235.20. The stock has a 50-day moving average of GBX 178.2 and a 200-day moving average of GBX 199.8. The company’s market cap is £1.653 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, September 3rd will be paid a dividend of GBX 1.25 ($0.02) per share. This represents a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of other firms have also recently commented on RGU. Analysts at Investec reiterated a “buy” rating on shares of Regus PLC in a research note on Tuesday. They now have a GBX 250 ($4.14) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Regus PLC in a research note on Wednesday, August 20th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Regus PLC in a research note on Tuesday, August 19th. They now have a GBX 250 ($4.14) 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 assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 224.56 ($3.72).
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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