Mark Dixon Acquires 4,304,948 Shares of Iwg Plc (IWG) Stock

Iwg Plc (LON:IWG) insider Mark Dixon purchased 4,304,948 shares of the firm’s stock in a transaction dated Friday, October 26th. The stock was acquired at an average cost of GBX 229 ($2.99) per share, for a total transaction of £9,858,330.92 ($12,881,655.46).

Shares of IWG stock opened at GBX 239.20 ($3.13) on Wednesday. Iwg Plc has a 12 month low of GBX 188.90 ($2.47) and a 12 month high of GBX 392 ($5.12).

The company also recently announced a dividend, which was paid on Friday, October 5th. Shareholders of record on Thursday, September 6th were paid a dividend of GBX 1.95 ($0.03) per share. This represents a yield of 0.83%. The ex-dividend date was Thursday, September 6th.



IWG has been the topic of a number of analyst reports. Peel Hunt reduced their target price on shares of IWG from GBX 300 ($3.92) to GBX 285 ($3.72) and set a “hold” rating on the stock in a research note on Friday, July 6th. Numis Securities reaffirmed a “hold” rating on shares of IWG in a research note on Wednesday, August 8th. Berenberg Bank reduced their target price on shares of IWG from GBX 240 ($3.14) to GBX 220 ($2.87) and set a “hold” rating on the stock in a research note on Wednesday, August 8th. Credit Suisse Group reduced their target price on shares of IWG from GBX 260 ($3.40) to GBX 245 ($3.20) and set a “neutral” rating on the stock in a research note on Thursday, August 9th. Finally, Royal Bank of Canada downgraded shares of IWG to an “underperform” rating and reduced their target price for the stock from GBX 220 ($2.87) to GBX 200 ($2.61) in a research note on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 216 ($2.82).

About IWG

IWG plc, together with its subsidiaries, provides office outsourcing services in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and the United Kingdom. The company offers virtual office services; 24/7 workspace recovery solutions; mobile and digital self-service solutions; co-working solutions; fully managed offices; networking and knowledge-sharing meetings; and meeting spaces and workshops.

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