Iwg Plc (LON:IWG) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Iwg Plc (LON:IWG) in a research note released on Wednesday morning. Berenberg Bank currently has a GBX 430 ($5.60) price objective on the stock.

Several other analysts also recently commented on the stock. Numis Securities Ltd reaffirmed a hold rating and issued a GBX 335 ($4.36) price objective on shares of Iwg Plc in a report on Wednesday. Peel Hunt reiterated an add rating and issued a GBX 399 ($5.20) target price (down from GBX 420 ($5.47)) on shares of Iwg Plc in a research note on Tuesday. Finally, Credit Suisse Group reiterated an outperform rating on shares of Iwg Plc in a research note on Friday, July 21st. One equities research 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. Iwg Plc presently has a consensus rating of Hold and a consensus price target of GBX 389.80 ($5.08).

Iwg Plc (LON:IWG) opened at 295.50 on Wednesday. The company’s market capitalization is GBX 2.70 billion. The firm has a 50-day moving average of GBX 322.49 and a 200 day moving average of GBX 312.05. Iwg Plc has a 52-week low of GBX 223.50 and a 52-week high of GBX 392.00.

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The firm also recently announced a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, September 7th will be given a GBX 1.75 ($0.02) dividend. This represents a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, September 7th.

In other news, insider Mark Dixon sold 27,300,000 shares of the 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).

Iwg Plc Company Profile

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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