Regus PLC Price Target Raised to GBX 324 at Oriel Securities Ltd (RGU)
Analysts at Oriel Securities Ltd lifted their target price on shares of Regus PLC (LON:RGU) from GBX 304 ($5.04) to GBX 324 ($5.38) in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. Oriel Securities Ltd’s price objective points to a potential upside of 87.50% from the company’s current price.
Regus PLC (LON:RGU) opened at 171.60 on Monday. Regus PLC has a one year low of GBX 168.80 and a one year high of GBX 235.20. The stock has a 50-day moving average of GBX 178.1 and a 200-day moving average of GBX 199.. The company’s market cap is £1.624 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, September 3rd will be given 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 Numis Securities Ltd reiterated a “buy” rating on shares of Regus PLC in a research note on Wednesday, August 27th. They now have a GBX 260 ($4.31) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Regus PLC in a research note on Tuesday, August 26th. They now have a GBX 250 ($4.15) price target on the stock. 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 ($4.15) price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 234.50 ($3.89).
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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