Other equities analysts have also recently issued research reports about the stock. Berenberg Bank dropped their price objective on shares of IWG from GBX 240 ($3.14) to GBX 220 ($2.87) and set a hold rating for the company in a research note on Wednesday, August 8th. Numis Securities reaffirmed a hold rating on shares of IWG in a report on Wednesday, August 8th. Credit Suisse Group lowered their target price on shares of IWG from GBX 260 ($3.40) to GBX 245 ($3.20) and set a neutral rating on the stock in a report on Thursday, August 9th. Finally, Royal Bank of Canada lowered shares of IWG to an underperform rating and lowered their target price for the stock from GBX 220 ($2.87) to GBX 200 ($2.61) in a report on Thursday, August 30th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 218.33 ($2.85).
Shares of IWG stock opened at GBX 244 ($3.19) on Monday. IWG has a 52-week low of GBX 188.90 ($2.47) and a 52-week high of GBX 392 ($5.12).
In other news, insider Mark Dixon bought 4,304,948 shares of the stock in a transaction dated Friday, October 26th. The shares were acquired at an average price of GBX 229 ($2.99) per share, with a total value of £9,858,330.92 ($12,881,655.46).
IWG Company Profile
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 and workshops.
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