Regus PLC (RGU) Receives Average Recommendation of “Buy” from Brokerages
Shares of Regus PLC (LON:RGU) have been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 348.57 ($4.25).
RGU has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Regus PLC from GBX 280 ($3.41) to GBX 270 ($3.29) and set a “neutral” rating for the company in a research report on Thursday, August 25th. Investec raised Regus PLC to a “buy” rating and set a GBX 295 ($3.60) price objective for the company in a research report on Thursday, August 25th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 400 ($4.88) price objective on shares of Regus PLC in a research report on Tuesday, October 4th. Numis Securities Ltd cut Regus PLC to a “hold” rating and set a GBX 300 ($3.66) price objective for the company. in a research report on Wednesday, August 10th. Finally, Canaccord Genuity reduced their price objective on Regus PLC from GBX 390 ($4.75) to GBX 355 ($4.33) and set a “buy” rating for the company in a research report on Monday, August 15th.
Shares of Regus PLC (LON:RGU) traded up 0.56% during midday trading on Tuesday, reaching GBX 268.20. The company’s stock had a trading volume of 2,195,508 shares. The firm’s market capitalization is GBX 2.50 billion. Regus PLC has a 1-year low of GBX 200.00 and a 1-year high of GBX 356.50. The company’s 50-day moving average price is GBX 278.61 and its 200 day moving average price is GBX 296.27.
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The firm also recently disclosed a dividend, which was paid on Friday, October 7th. Stockholders of record on Thursday, September 8th were paid a GBX 1.55 ($0.02) dividend. The ex-dividend date was Thursday, September 8th. This represents a dividend yield of 0.48%.
In other news, insider Dixon,Mark sold 37,000,000 shares of Regus PLC stock in a transaction dated Monday, September 19th. The stock was sold at an average price of GBX 275 ($3.35), for a total value of £101,750,000 ($124,009,750.15).
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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