Iwg Plc (LON:IWG)‘s stock had its “add” rating reissued by stock analysts at Peel Hunt in a research note issued to investors on Tuesday, August 8th. They currently have a GBX 399 ($5.18) price target on the stock, down from their prior price target of GBX 420 ($5.45). Peel Hunt’s target price suggests a potential upside of 32.87% from the stock’s previous close.
Several other research firms have also weighed in on IWG. Credit Suisse Group increased their price objective on shares of Iwg Plc from GBX 320 ($4.15) to GBX 435 ($5.65) and gave the stock an “outperform” rating in a research note on Tuesday, June 13th. Numis Securities Ltd restated a “hold” rating and issued a GBX 300 ($3.89) target price on shares of Iwg Plc in a research report on Wednesday, May 3rd. Finally, Berenberg Bank assumed coverage on shares of Iwg Plc in a research report on Thursday, July 27th. They issued a “buy” rating and a GBX 430 ($5.58) target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 377 ($4.89).
Shares of Iwg Plc (IWG) traded down 1.05% during midday trading on Tuesday, reaching GBX 300.30. The company’s stock had a trading volume of 1,924,249 shares. Iwg Plc has a one year low of GBX 223.50 and a one year high of GBX 392.00. The company’s market capitalization is GBX 2.75 billion. The stock’s 50-day moving average is GBX 319.09 and its 200-day moving average is GBX 313.12.
In related news, insider Mark Dixon sold 27,300,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of GBX 345 ($4.48), for a total transaction of £94,185,000 ($122,270,543.94).
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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