Dixon,Mark Sells 37,000,000 Shares of Regus PLC (RGU) Stock
Regus PLC (LON:RGU) insider Dixon,Mark sold 37,000,000 shares of the company’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of GBX 275 ($3.59), for a total value of £101,750,000 ($132,815,559.33).
Regus PLC (LON:RGU) opened at 271.00 on Thursday. Regus PLC has a one year low of GBX 200.00 and a one year high of GBX 356.50. The firm has a 50-day moving average price of GBX 301.23 and a 200 day moving average price of GBX 300.80. The company’s market cap is GBX 2.52 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 8th will be issued a dividend of GBX 1.55 ($0.02) per share. This represents a yield of 0.48%. The ex-dividend date is Thursday, September 8th.
Several equities research analysts have recently weighed in on RGU shares. JPMorgan Chase & Co. decreased their price target on Regus PLC from GBX 280 ($3.65) to GBX 270 ($3.52) and set a “neutral” rating for the company in a research note on Thursday, August 25th. Investec raised Regus PLC to a “buy” rating and set a GBX 295 ($3.85) price target for the company in a research note on Thursday, August 25th. Canaccord Genuity reissued a “buy” rating and issued a GBX 390 ($5.09) price target on shares of Regus PLC in a research note on Thursday, June 2nd. Royal Bank Of Canada raised Regus PLC to an “outperform” rating and increased their price target for the company from GBX 300 ($3.92) to GBX 400 ($5.22) in a research note on Wednesday, May 25th. Finally, Numis Securities Ltd cut Regus PLC to a “hold” rating and set a GBX 300 ($3.92) price target for the company. in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 353.75 ($4.62).
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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