Credit Suisse Group Reiterates “Outperform” Rating for Iwg Plc (LON:IWG)

Iwg Plc (LON:IWG)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Friday, July 21st.

Other research analysts have also recently issued reports about the stock. Peel Hunt boosted their target price 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. Numis Securities Ltd reissued a “hold” rating and set a GBX 300 ($3.91) target price 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 given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 389.80 ($5.08).

Shares of Iwg Plc (LON IWG) traded down 0.67% during midday trading on Friday, reaching GBX 295.50. 2,871,911 shares of the company’s stock were exchanged. Iwg Plc has a one year low of GBX 223.50 and a one year high of GBX 392.00. The stock’s 50-day moving average is GBX 322.69 and its 200 day moving average is GBX 311.67. The firm’s market cap is GBX 2.70 billion.

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In other Iwg Plc 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).

About Iwg Plc

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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