Credit Suisse Group AG reiterated their outperform rating on shares of Iwg Plc (LON:IWG) in a research note released on Friday morning.
Several other research analysts have also weighed in on IWG. Numis Securities Ltd reiterated a hold rating and set a GBX 300 ($3.92) price objective on shares of Iwg Plc in a report on Wednesday, May 3rd. Peel Hunt increased their price objective on shares of Iwg Plc from GBX 360 ($4.70) to GBX 420 ($5.48) and gave the stock a buy rating in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Iwg Plc presently has a consensus rating of Hold and a consensus target price of GBX 376.25 ($4.91).
Shares of Iwg Plc (LON IWG) traded down 0.19% during midday trading on Friday, hitting GBX 322.00. 1,404,661 shares of the company’s stock were exchanged. The firm’s market cap is GBX 2.97 billion. The stock’s 50-day moving average price is GBX 335.89 and its 200 day moving average price is GBX 304.21. Iwg Plc has a one year low of GBX 223.50 and a one year high of GBX 392.00.
In other news, insider Mark Dixon sold 27,300,000 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of GBX 345 ($4.51), for a total transaction of £94,185,000 ($122,989,031.08).
Iwg Plc Company Profile
IWG Plc is a Jersey-based workspace company. The Company operates under the Regus, Regus Express, Spaces, Signature, Kora and Open Office brands and provides a global network of places to work for all kinds of businesses from home-based workers to corporations. The Company focuses on both single location and integrated national networks and also provides sales and management services.
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