Insider Buying: IWG (LON:IWG) Insider Buys £91,500 in Stock

IWG plc (LON:IWG) insider Christian Schmitz bought 50,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were bought at an average price of GBX 183 per share, for a total transaction of £91,500.

Christian Schmitz also recently made the following trade(s):

• On Wednesday, August 19th, Christian Schmitz purchased 50,000 shares of IWG stock. The stock was purchased at an average price of GBX 172 per share, with a total value of £86,000.
• On Wednesday, August 19th, Christian Schmitz bought 25,000 shares of IWG stock. The shares were acquired at an average price of GBX 172 per share, with a total value of £43,000.

IWG Trading Up 0.8%

Shares of IWG stock opened at GBX 190 on Friday. IWG plc has a 1 year low of GBX 163.50 and a 1 year high of GBX 250.60. The company has a debt-to-equity ratio of -1,917.40, a current ratio of 0.43 and a quick ratio of 0.45. The company has a market capitalization of £1.78 billion, a P/E ratio of 105.56, a P/E/G ratio of -5.59 and a beta of 1.56. The business has a 50 day moving average price of GBX 188.26 and a 200 day moving average price of GBX 191.27.

IWG announced that its Board of Directors has authorized a share repurchase plan on Tuesday, June 30th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on IWG shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 260 price target on shares of IWG in a report on Wednesday, August 12th. Berenberg Bank reiterated a “buy” rating and set a GBX 350 price target on shares of IWG in a research report on Tuesday, August 11th. Jefferies Financial Group reissued a “buy” rating and set a GBX 265 price target on shares of IWG in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 275 price objective on shares of IWG in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 269.80.

IWG Company Profile

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products. It provides its services franchise partners, landlords, and property owners under the Regus, Spaces, HQ, Signature, Basepoint, Stop & Work, The Office Operators, BizDojo, Open Office, No18, The Clubhouse, Central Working, and Copernico brands.