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 note issued on Friday, July 21st.

A number of other research firms also recently issued reports on IWG. Peel Hunt boosted their target price on shares of Iwg Plc from GBX 360 ($4.67) to GBX 420 ($5.45) and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Numis Securities Ltd restated a “hold” rating and set a GBX 300 ($3.89) target price on shares of Iwg Plc in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 377 ($4.89).

Shares of Iwg Plc (IWG) traded down 1.05% on Friday, reaching GBX 300.30. The company’s stock had a trading volume of 1,924,249 shares. The company’s 50 day moving average price is GBX 319.09 and its 200 day moving average price is GBX 313.12. Iwg Plc has a 12-month low of GBX 223.50 and a 12-month high of GBX 392.00. The company’s market cap is GBX 2.75 billion.

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

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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