Regus PLC (RGU) Receives Consensus Recommendation of “Buy” from Brokerages

Regus PLC (RGU) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Regus PLC (LON:RGU) have been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 339.17 ($4.23).

Several brokerages have commented on RGU. Numis Securities Ltd restated a “hold” rating and issued a GBX 300 ($3.74) price target on shares of Regus PLC in a research note on Friday, November 4th. Peel Hunt lowered their price objective on shares of Regus PLC from GBX 420 ($5.24) to GBX 360 ($4.49) and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Canaccord Genuity reiterated a “buy” rating on shares of Regus PLC in a research note on Friday, November 4th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 280 ($3.49) price objective on shares of Regus PLC in a research note on Thursday, November 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 400 ($4.99) price objective on shares of Regus PLC in a research note on Tuesday, October 4th.

Shares of Regus PLC (LON:RGU) traded up 0.29% on Friday, hitting GBX 240.72. The company’s stock had a trading volume of 2,628,652 shares. The stock’s 50 day moving average is GBX 235.11 and its 200-day moving average is GBX 276.67. Regus PLC has a 52 week low of GBX 223.50 and a 52 week high of GBX 336.50.

In other news, insider Dominik de Daniel acquired 173,000 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average price of GBX 240 ($3.00) per share, with a total value of £415,200 ($518,157.99).

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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