The stock of Regus PLC (LON:RGU) hit a new 52-week low and has GBX 219.12 target or 6.00% below today’s GBX 233.11 share price. The 8 months bearish chart indicates high risk for the GBX 2.16B company. The 1-year low was reported on Nov, 7 by Barchart.com. If the GBX 219.12 price target is reached, the company will be worth GBX 129.60M 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 decreased 0.30% or GBX 0.69 on November 7, hitting GBX 233.11. About 4.67M shares traded hands or 63.86% up from the average. Regus PLC (LON:RGU) has declined 25.14% since April 8, 2016 and is downtrending. It has underperformed by 27.10% the S&P500.
Regus PLC (LON:RGU) Ratings Coverage
Out of 9 analysts covering Regus (LON:RGU), 6 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 67% are positive. Regus has been the topic of 42 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Thursday, August 20 by Investec. The stock of Regus PLC (LON:RGU) has “Neutral” rating given on Wednesday, March 2 by JP Morgan. Stifel Nicolaus maintained Regus PLC (LON:RGU) rating on Friday, September 11. Stifel Nicolaus has “Buy” rating and GBX 390 price target. The company was maintained on Tuesday, November 3 by Peel Hunt. The rating was maintained by Credit Suisse with “Outperform” on Thursday, December 10. The stock of Regus PLC (LON:RGU) earned “Buy” rating by Canaccord Genuity on Tuesday, March 1. The firm has “Buy” rating given on Tuesday, August 25 by Investec. The firm has “Buy” rating by Numis Securities given on Wednesday, August 26. The company was maintained on Tuesday, October 13 by Credit Suisse. The firm earned “Buy” rating on Tuesday, August 9 by Peel Hunt.
More important recent Regus PLC (LON:RGU) news were published by: Businesswire.com which released: “REGUS PLC UK Regulatory Announcement: Total Voting Rights – Replacement” on November 01, 2016, also Fool.Co.Uk published article titled: “Will Sirius Minerals plc, Regus plc and Relx plc beat the FTSE 100 all over again?”, Businesswire.com published: “REGUS PLC UK Regulatory Announcement: Total Voting Rights” on September 01, 2016. More interesting news about Regus PLC (LON:RGU) was released by: Businesswire.com and their article: “REGUS PLC UK Regulatory Announcement: Result of AGM” with publication date: May 17, 2016.
Regus plc is a provider of global office outsourcing services. The company has a market cap of 2.16 billion GBP. The Company’s operating divisions include Americas; Europe, Middle East and Africa ; Asia Pacific, and the United Kingdom. It has a 18.36 P/E ratio. The Firm operates over 3,000 business centers in approximately 900 cities.
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