Key Points
- IWG insider Christian Schmitz purchased 50,000 shares at GBX 183 each, worth £91,500, following two additional purchases totaling 75,000 shares at GBX 172 on August 19.
- IWG shares were trading at GBX 187.15, up 2.5%, with a £1.76 billion market capitalization. The company has also authorized a $50 million share-buyback program covering up to 2.8% of outstanding shares.
- Analyst sentiment remains positive: four analysts rate IWG a Buy and one a Hold, producing a consensus “Moderate Buy” rating and an average price target of GBX 269.80.
IWG plc (LON:IWG - Get Free Report) insider Christian Schmitz purchased 50,000 shares of the company's stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of GBX 183 per share, with a total value 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 shares were purchased at an average price of GBX 172 per share, with a total value of £86,000.
- On Wednesday, August 19th, Christian Schmitz purchased 25,000 shares of IWG stock. The shares were purchased at an average cost of GBX 172 per share, for a total transaction of £43,000.
IWG Trading Up 2.5%
IWG opened at GBX 187.15 on Friday. IWG plc has a one year low of GBX 163.50 and a one year high of GBX 250.60. The stock has a market capitalization of £1.76 billion, a PE ratio of 103.97, a P/E/G ratio of -5.59 and a beta of 1.56. The business's 50 day moving average price is GBX 188.14 and its 200 day moving average price is GBX 191.28. The company has a debt-to-equity ratio of -1,917.40, a quick ratio of 0.45 and a current ratio of 0.43.
IWG announced that its board has initiated a stock repurchase program on Tuesday, June 30th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
Analyst Ratings Changes
IWG has been the topic of several recent analyst reports. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 350 price target on shares of IWG in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 275 price objective on shares of IWG in a research report on Wednesday, May 13th. Jefferies Financial Group restated a "buy" rating and issued a GBX 265 price objective on shares of IWG in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 260 target price on shares of IWG in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, IWG has a consensus rating of "Moderate Buy" and an average price target of GBX 269.80.
Read Our Latest Stock Report on IWG
IWG Company Profile
(
Get Free Report)
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.
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