Regus PLC (RGU) Receives Outperform Rating from Royal Bank Of Canada
Regus PLC (LON:RGU)‘s stock had its “outperform” rating restated 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) target price on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 53.26% from the stock’s current price.
RGU has been the topic of several other research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 300 ($3.92) target price on shares of Regus PLC in a report on Wednesday, August 10th. Investec upgraded shares of Regus PLC to a “buy” rating and set a GBX 295 ($3.85) target price on the stock in a report on Thursday, August 25th. Numis Securities Ltd cut shares of Regus PLC to a “hold” rating and set a GBX 300 ($3.92) target price on the stock. in a report on Wednesday, August 10th. Peel Hunt restated a “buy” rating and issued a GBX 420 ($5.48) target price on shares of Regus PLC in a report on Tuesday, August 9th. Finally, Canaccord Genuity cut their target price on shares of Regus PLC from GBX 390 ($5.09) to GBX 355 ($4.63) and set a “buy” rating on the stock in a report on Monday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Regus PLC has an average rating of “Buy” and an average price target of GBX 348.57 ($4.55).
Regus PLC (LON:RGU) traded down 0.80% on Tuesday, reaching GBX 261.00. 2,225,977 shares of the company’s stock traded hands. The company’s market cap is GBX 2.43 billion. The firm’s 50 day moving average price is GBX 286.36 and its 200 day moving average price is GBX 298.09. Regus PLC has a 12 month low of GBX 200.00 and a 12 month high of GBX 356.50.
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The company also recently disclosed a dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 8th were 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 was Thursday, September 8th.
In other Regus PLC news, insider Dixon,Mark sold 37,000,000 shares of the firm’s stock in a transaction on 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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