The Boutique Group's (TBTG) Buy Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank reiterated a "buy" rating and set a price target of GBX 450, implying a potential upside of 82.41% from the prior close.
• The stock opened at GBX 246.70, trades below its 50-day moving average of GBX 300.21, has a 12-month range of GBX 213–330, a market cap of £273.10 million and a P/E of 51.18.
• The Boutique Group is a UK-based, hospitality-led operator of flexible workplace solutions, offering serviced offices, coworking, meeting rooms and related business support services.

The Boutique Group (LON:TBTG - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Berenberg Bank in a report released on Wednesday,London Stock Exchange reports. They presently have a GBX 450 price target on the stock. Berenberg Bank's target price would indicate a potential upside of 82.41% from the company's previous close.

The Boutique Group Stock Performance

Shares of The Boutique Group stock opened at GBX 246.70 on Wednesday. The stock has a fifty day moving average price of GBX 300.21. The Boutique Group has a 12-month low of GBX 213 and a 12-month high of GBX 330. The company has a market cap of £273.10 million and a price-to-earnings ratio of 51.18.

About The Boutique Group

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.

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