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RBC upgrades Regus after underperformance

Wed, 25th May 2016 12:04

(ShareCast News) - Flexible workspace solutions provider Regus got a boost on Wednesday as RBC Capital Markets upped the stock to 'outperform' from 'sector perform' and lifted the price target to 400p from 300p.The Canadian bank said the stock's recent underperformance was a good buying opportunity.It argued that Regus has an unrivalled market position, significant expansion potential and strong structural growth drivers."We believe the existing estate is justified by the current share price and hence investors are getting growth potential for free," it said.RBC said Regus has demonstrated very strong growth over recent years, with CAGR sales growth of 13.4% since 2010."We see continued strong growth and as the mature estate becomes a bigger proportion of the group, and with selling, general & administrative leverage potential, we expect Regus to continue to demonstrate some of the highest EPS growth in the sector."The bank said that while there are some clear cyclical drivers, the key reason to own Regus over the long-run are the structural growth trends that are increasing the demand for flexible office space.It pointed to a recent report by Lancaster University's Work Foundation commissioned by Citrix, which showed that in 2017, over half of organisations in the UK are likely to have adopted flexible working. The report also suggested that over 70% of organisations will have followed suit by 2020.At 1205 BST, Regus shares were up 5.5% to 320p.
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20 May 2016 15:02

Dividends Calendar - Week Ahead

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19 May 2016 15:46

Director dealings: Regus's boardroom banker buys stock

(ShareCast News) - Regus director François Pauly has picked up shares in the flexible office provider not long after a strong first-quarter trading statement. Independent non-executive director François Pauly, a European banker who has been on the board since last May, spent £36,342 on Thursday buyi

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19 May 2016 11:58

DIRECTOR DEALINGS: Regus Non-Executive Director Buys Shares

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17 May 2016 17:16

Regus Joins Standard Life In Facing Shareholder Protest On Pay

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16 May 2016 15:10

AGM, EGM Calendar - Week Ahead

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3 May 2016 11:14

LONDON MARKET MIDDAY: Weak China And UK Manufacturing Data Hit Shares

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3 May 2016 09:38

WINNERS & LOSERS SUMMARY: Barclays Says RSA Can Become "Best In Class"

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3 May 2016 07:32

Regus posts rise in Q1 revenue, confident over full year

(ShareCast News) - Regus, a provider of flexible workspace solutions, said it expects to deliver full-year results in line with management's views as it reported "good trading" in the three months to the end of March. The FTSE 250 company said group revenue rose to £532.5m from £452.3m in the first

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3 May 2016 07:28

London pre-open: Stocks seen higher on upbeat US cues

(ShareCast News) - London stocks were expected to open in the black on Tuesday, taking their cue from a positive session in the US as traders return to their desks following the long bank holiday weekend. The FTSE 100 was seen opening 28 points higher than Friday's close at 6,270. On the data front

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3 May 2016 06:28

TOP NEWS: Regus Reports Revenue And Profit Growth In First Quarter

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21 Apr 2016 15:04

Dividends Calendar - Week Ahead

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6 Apr 2016 08:59

Regional REIT Sells Two Properties, Signs Ten-Year Deal With Regus

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14 Mar 2016 14:49

Director dealing: Paddy Power co-founder cashes in some shares

(ShareCast News) - Directors in the newly merged Paddy Power Betfair (PPB) continue to take profits after the sealing of the deal. Following the sale by group chief executive Breon Corcoran last week, Paddy Power co-founder Stewart Kenny pocketed almost €2.6m after selling 27,000 shares at €120.38

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2 Mar 2016 09:35

BROKER RATINGS SUMMARY: Goldman Cuts Pearson To Sell From Neutral

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1 Mar 2016 12:39

Regus profits and returns impress

(ShareCast News) - Regus reported strong growth for calendar 2015, with returns up and earnings surging over 40% in a year when 554 new locations were added. Underlying operating profit surged 37% to £144.8m on revenues that were up 15.9% on the previous year at £1.93bn. Mature centre revenue was u

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