Christian Schmitz Buys 50,000 Shares of IWG (LON:IWG) Stock

IWG plc (LON:IWG) insider Christian Schmitz purchased 50,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average price of GBX 183 per share, with a total value of £91,500.

Christian Schmitz also recently made the following trade(s):

• On Wednesday, August 19th, Christian Schmitz acquired 50,000 shares of IWG stock. The stock was purchased at an average cost of GBX 172 per share, with a total value of £86,000.
• On Wednesday, August 19th, Christian Schmitz acquired 25,000 shares of IWG stock. The shares were purchased at an average cost of GBX 172 per share, for a total transaction of £43,000.

IWG Stock Up 1.5%

Shares of LON IWG opened at GBX 185.30 on Thursday. IWG plc has a 1 year low of GBX 163.50 and a 1 year high of GBX 250.60. The firm’s 50 day moving average price is GBX 188.05 and its 200 day moving average price is GBX 191.58. The firm has a market cap of £1.74 billion, a P/E ratio of 102.94, a price-to-earnings-growth ratio of -5.59 and a beta of 1.56. The company has a debt-to-equity ratio of -1,917.40, a quick ratio of 0.45 and a current ratio of 0.43.

IWG declared that its Board of Directors has authorized a share repurchase program on Tuesday, June 30th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on IWG shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 260 price objective on shares of IWG in a research report on Wednesday, August 12th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 265 price target on shares of IWG in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 275 price target on shares of IWG in a report on Wednesday, May 13th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 350 target price on shares of IWG in a research report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, IWG has an average rating of “Moderate Buy” and an average price target of GBX 269.80.

About IWG

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products. It provides its services franchise partners, landlords, and property owners under the Regus, Spaces, HQ, Signature, Basepoint, Stop & Work, The Office Operators, BizDojo, Open Office, No18, The Clubhouse, Central Working, and Copernico brands.