Berenberg Bank Reaffirms Buy Rating for The Boutique Group (LON:TBTG)

The Boutique Group (LON:TBTG)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued on Wednesday, Marketbeat Ratings reports. They presently have a GBX 450 target price on the stock. Berenberg Bank’s price target points to a potential upside of 85.95% from the stock’s current price.

The Boutique Group Trading Down 0.4%

Shares of LON TBTG opened at GBX 242 on Wednesday. The business has a fifty day moving average price of GBX 297.39. The Boutique Group has a 52 week low of GBX 213 and a 52 week high of GBX 330. The stock has a market capitalization of £267.90 million and a P/E ratio of 50.21.

About The Boutique Group

The Boutique Group (LON:TBTG) is a publicly listed provider of flexible workplace solutions, primarily operating in the United Kingdom. The company focuses on the creation, management and operation of serviced offices, coworking spaces, meeting rooms and related business support services for small and mid-sized enterprises as well as corporate clients. It positions itself as a hospitality-led operator that combines property management with office services to deliver turnkey workspace solutions.

Its commercial activities include letting fully furnished private offices on flexible terms, offering membership-based coworking and hot-desking, and providing ancillary services such as reception and administrative support, IT and telephony provisions, virtual office addresses and meeting- and event-space hire.