Dixon,Mark Sells 37,000,000 Shares of Regus PLC (RGU) Stock
Regus PLC (LON:RGU) insider Dixon,Mark sold 37,000,000 shares of the stock in a transaction on Monday, September 19th. The stock was sold at an average price of GBX 275 ($3.59), for a total value of £101,750,000 ($132,815,559.33).
Regus PLC (LON:RGU) traded down 6.42% during midday trading on Tuesday, reaching GBX 271.20. The company’s stock had a trading volume of 11,038,011 shares. The stock’s 50-day moving average price is GBX 303.06 and its 200 day moving average price is GBX 301.27. The firm’s market capitalization is GBX 2.53 billion. Regus PLC has a 1-year low of GBX 200.00 and a 1-year high of GBX 356.50.
The company also recently disclosed a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 8th will be issued a GBX 1.55 ($0.02) dividend. The ex-dividend date is Thursday, September 8th. This represents a dividend yield of 0.48%.
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A number of equities analysts have recently issued reports on RGU shares. JPMorgan Chase & Co. dropped their price target 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. Investec raised Regus PLC to a “buy” rating and set a GBX 295 ($3.85) price target on the stock in a research report on Thursday, August 25th. Canaccord Genuity reissued a “buy” rating and set a GBX 390 ($5.09) price target on shares of Regus PLC in a research report on Thursday, June 2nd. Royal Bank Of Canada raised Regus PLC to an “outperform” rating and increased their price target for the stock from GBX 300 ($3.92) to GBX 400 ($5.22) in a research report on Wednesday, May 25th. Finally, Numis Securities Ltd downgraded Regus PLC to a “hold” rating and set a GBX 300 ($3.92) price objective on the stock. in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 353.75 ($4.62).
About Regus PLC
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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