Berenberg Bank reaffirmed their buy rating on shares of Iwg Plc (LON:IWG) in a research note issued to investors on Wednesday morning. Berenberg Bank currently has a GBX 430 ($5.60) price target on the stock.
Several other research firms have also commented on IWG. Credit Suisse Group restated an outperform rating on shares of Iwg Plc in a research report on Friday, July 21st. Peel Hunt upped their price target on shares of Iwg Plc from GBX 360 ($4.69) to GBX 420 ($5.47) and gave the stock a buy rating in a research report on Tuesday, May 2nd. Finally, Numis Securities Ltd restated a hold rating and set a GBX 300 ($3.91) price target on shares of Iwg Plc in a research report on Wednesday, May 3rd. 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 company’s stock. Iwg Plc presently has an average rating of Hold and an average target price of GBX 389.80 ($5.08).
Shares of Iwg Plc (LON:IWG) opened at 295.50 on Wednesday. The stock has a 50 day moving average of GBX 322.49 and a 200 day moving average of GBX 312.05. Iwg Plc has a 1-year low of GBX 223.50 and a 1-year high of GBX 392.00. The firm’s market cap is GBX 2.70 billion.
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The company also recently declared a dividend, which will be paid on Friday, October 6th. Stockholders 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%.
In related news, insider Mark Dixon sold 27,300,000 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of GBX 345 ($4.49), for a total value of £94,185,000 ($122,652,689.15).
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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