Berenberg Bank Reiterates Buy Rating for The Boutique Group (LON:TBTG)

The Boutique Group (LON:TBTG)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They presently have a GBX 450 target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 82.41% from the company’s current price.

The Boutique Group Price Performance

Shares of TBTG opened at GBX 246.70 on Wednesday. The company’s 50-day moving average is GBX 300.21. The company has a market cap of £273.10 million and a price-to-earnings ratio of 51.18. The Boutique Group has a 1-year low of GBX 213 and a 1-year high of GBX 330.

The Boutique Group Company Profile

The Boutique Group (LON:TBTG) is a publicly listed provider of flexible workplace solutions, primarily operating in the United Kingdom. The company focuses on the creation, management and operation of serviced offices, coworking spaces, meeting rooms and related business support services for small and mid-sized enterprises as well as corporate clients. It positions itself as a hospitality-led operator that combines property management with office services to deliver turnkey workspace solutions.

Its commercial activities include letting fully furnished private offices on flexible terms, offering membership-based coworking and hot-desking, and providing ancillary services such as reception and administrative support, IT and telephony provisions, virtual office addresses and meeting- and event-space hire.