Iwg Plc (IWG) Given Consensus Recommendation of “Hold” by Brokerages
Iwg Plc (LON:IWG) has been given an average recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 362.50 ($4.68).
A number of research analysts recently issued reports on IWG shares. Credit Suisse Group boosted their target price on shares of Iwg Plc from GBX 320 ($4.13) to GBX 435 ($5.62) and gave the company an “outperform” rating in a research report on Tuesday, June 13th. Berenberg Bank started coverage on shares of Iwg Plc in a research report on Thursday, July 27th. They set a “buy” rating and a GBX 430 ($5.55) target price on the stock. Peel Hunt reiterated an “add” rating and set a GBX 399 ($5.15) target price (down previously from GBX 420 ($5.42)) on shares of Iwg Plc in a research report on Tuesday, August 8th. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 335 ($4.33) target price on shares of Iwg Plc in a research report on Wednesday, August 9th.
In related news, insider Mark Dixon sold 27,300,000 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of GBX 345 ($4.46), for a total transaction of £94,185,000 ($121,638,899.65).
Shares of Iwg Plc (LON:IWG) opened at 294.00 on Friday. Iwg Plc has a 12 month low of GBX 223.50 and a 12 month high of GBX 392.00. The company’s market cap is GBX 2.70 billion. The stock’s 50 day moving average is GBX 306.47 and its 200 day moving average is GBX 319.00.
The business also recently announced a dividend, which will be paid on Friday, October 6th. Investors of record on Thursday, September 7th will be given a dividend of GBX 1.75 ($0.02) per share. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 0.59%.
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About Iwg Plc
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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