The stock of Regus PLC (LON:RGU) hit a new 52-week low and has GBX 230.52 target or 9.00% below today’s GBX 253.32 share price. The 9 months bearish chart indicates high risk for the GBX 2.35 billion company. The 1-year low was reported on Oct, 28 by Barchart.com. If the GBX 230.52 price target is reached, the company will be worth GBX 211.50M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 0.13% or GBX 0.32 on October 28, hitting GBX 253.32. About 1.68 million shares traded hands. Regus PLC (LON:RGU) has declined 20.24% since March 31, 2016 and is downtrending. It has underperformed by 24.95% the S&P500.
Regus PLC (LON:RGU) Ratings Coverage
Out of 9 analysts covering Regus (LON:RGU), 7 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 78% are positive. GBX 420 is the highest target while GBX 220 is the lowest. The GBX 366.88 average target is 44.83% above today’s (GBX 253.32) stock price. Regus has been the topic of 39 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Wednesday, August 5 by RBC Capital Markets. The company was maintained on Tuesday, October 4 by RBC Capital Markets. Peel Hunt maintained Regus PLC (LON:RGU) on Monday, February 15 with “Buy” rating. Peel Hunt maintained Regus PLC (LON:RGU) rating on Tuesday, May 3. Peel Hunt has “Buy” rating and GBX 420 price target. The stock has “Buy” rating given by Canaccord Genuity on Thursday, November 19. Credit Suisse maintained Regus PLC (LON:RGU) on Thursday, January 21 with “Outperform” rating. The firm has “Outperform” rating by Credit Suisse given on Thursday, August 27. As per Wednesday, May 25, the company rating was upgraded by RBC Capital Markets. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, November 3. Peel Hunt maintained it with “Buy” rating and GBX 420 target price in Wednesday, March 23 report.
More notable recent Regus PLC (LON:RGU) news were published by: Businesswire.com which released: “REGUS PLC UK Regulatory Announcement: Total Voting Rights” on September 30, 2016, also Fool.Co.Uk with their article: “Will Sirius Minerals plc, Regus plc and Relx plc beat the FTSE 100 all over again?” published on May 03, 2016, Marketwatch.com published: “Virtual Stock Exchange” on April 23, 2011. More interesting news about Regus PLC (LON:RGU) were released by: Businesswire.com and their article: “REGUS PLC UK Regulatory Announcement: Result of AGM” published on May 17, 2016 as well as Bloomberg.com‘s news article titled: “Billionaire Doubles Fortune on Workspace Demand Surge” with publication date: October 23, 2013.
Regus plc is a provider of global office outsourcing services. The company has a market cap of 2.35 billion GBP. The Company’s operating divisions include Americas; Europe, Middle East and Africa ; Asia Pacific, and the United Kingdom. It has a 19.95 P/E ratio. The Firm operates over 3,000 business centers in approximately 900 cities.
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