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Regus upgraded by RBC

25 May 2016 14:04

RBC Capital Markets has upgraded its recommendation on Regus (LON:RGU) to Outperform from Sector Perform advising would-be investors to use the recent underperformance as a buying opportunity.

"Regus has an unrivaled market position, significant expansion potential and strong structural growth drivers," the broker said.

"We believe the existing estate is justified by the current share price and hence investors are getting growth potential for free."

Analysts have increased their price target to 400 pence per share (from 300 pence), suggesting 33 per cent potential upside. At 2:03pm: (LON:RGU) Regus PLC share price was +17.8p at 321.2p

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