Peel Hunt reaffirmed their buy rating on shares of IWG (LON:IWG) in a research report sent to investors on Tuesday, August 27th, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also issued research reports about the stock. Credit Suisse Group lifted their target price on shares of IWG from GBX 398 ($5.20) to GBX 440 ($5.75) and gave the company an outperform rating in a research note on Friday, August 9th. Royal Bank of Canada increased their price target on shares of IWG from GBX 260 ($3.40) to GBX 450 ($5.88) and gave the stock a sector performer rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of IWG in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. IWG currently has an average rating of Hold and a consensus price target of GBX 378 ($4.94).
LON IWG traded down GBX 6.60 ($0.09) during trading on Tuesday, hitting GBX 406 ($5.31). 3,401,926 shares of the company’s stock traded hands, compared to its average volume of 2,500,000. The company has a debt-to-equity ratio of 787.87, a current ratio of 0.33 and a quick ratio of 0.33. IWG has a 12-month low of GBX 199 ($2.60) and a 12-month high of GBX 428.70 ($5.60). The firm has a market cap of $3.75 billion and a P/E ratio of 10.07. The stock has a fifty day moving average of GBX 396.59 and a two-hundred day moving average of GBX 327.86.
The firm also recently announced a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 5th will be issued a dividend of GBX 2.15 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 0.59%. IWG’s payout ratio is 0.17%.
In related news, insider Mark Dixon acquired 42,080 shares of the stock in a transaction on Monday, June 17th. The stock was acquired at an average price of GBX 340 ($4.44) per share, for a total transaction of £143,072 ($186,948.91). Over the last three months, insiders bought 500,401 shares of company stock worth $168,170,327.
IWG plc, together with its subsidiaries, provides office outsourcing services in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and the United Kingdom. The company offers virtual office services; 24/7 workspace recovery solutions; mobile and digital self-service solutions; co-working solutions; fully managed offices; networking and knowledge-sharing meetings; and meeting spaces.
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