Iwg Plc to Issue Dividend of GBX 1.75 (LON:IWG)

Iwg Plc (LON:IWG) announced a dividend on Tuesday, August 8th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 7th will be paid a dividend of GBX 1.75 ($0.02) per share on Friday, October 6th. This represents a yield of 0.59%. The ex-dividend date is Thursday, September 7th. The official announcement can be accessed at this link.

Shares of Iwg Plc (IWG) traded down 1.05% during midday trading on Friday, reaching GBX 300.30. The company had a trading volume of 1,924,249 shares. Iwg Plc has a 1-year low of GBX 223.50 and a 1-year high of GBX 392.00. The stock’s market capitalization is GBX 2.75 billion. The company’s 50-day moving average is GBX 319.09 and its 200-day moving average is GBX 313.12.

In other Iwg Plc news, insider Mark Dixon sold 27,300,000 shares of the stock in a transaction dated Monday, June 19th. The stock was sold at an average price of GBX 345 ($4.48), for a total value of £94,185,000 ($122,270,543.94).

A number of research analysts have recently issued reports on the company. Peel Hunt reaffirmed an “add” rating and set a GBX 399 ($5.18) price target (down from GBX 420 ($5.45)) on shares of Iwg Plc in a report on Tuesday, August 8th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 335 ($4.35) target price on shares of Iwg Plc in a report on Wednesday, August 9th. Credit Suisse Group increased their target price on Iwg Plc from GBX 320 ($4.15) to GBX 435 ($5.65) and gave the company an “outperform” rating in a report on Tuesday, June 13th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 430 ($5.58) target price on shares of Iwg Plc in a report on Wednesday, August 9th. One investment 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 company presently has a consensus rating of “Hold” and an average price target of GBX 377 ($4.89).

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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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