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

Key Points

• IWG insider Christian Schmitz purchased 50,000 shares at GBX 172 each, worth £86,000, and separately bought another 25,000 shares in the same session for £43,000.
• IWG shares opened at GBX 175 and were up 0.6%, while the company has authorized a $50 million share-buyback program covering up to 2.8% of outstanding shares.
• Analysts remain broadly positive, with four Buy ratings and one Hold; IWG has a consensus “Moderate Buy” rating and an average price target of GBX 269.80.

IWG plc (LON:IWG - Get Free Report) insider Christian Schmitz bought 50,000 shares of the stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average price of GBX 172 per share, with a total value of £86,000.

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

• On Wednesday, August 19th, Christian Schmitz bought 25,000 shares of IWG stock. The shares were bought at an average price of GBX 172 per share, for a total transaction of £43,000.

IWG Stock Up 0.6%

LON:IWG opened at GBX 175 on Thursday. The stock's fifty day moving average price is GBX 188.36 and its two-hundred day moving average price is GBX 193.74. IWG plc has a 52-week low of GBX 163.50 and a 52-week high of GBX 250.60. 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. The company has a market cap of £1.64 billion, a price-to-earnings ratio of 97.22, a P/E/G ratio of -5.59 and a beta of 1.56.

IWG declared that its board has initiated a stock buyback program on Tuesday, June 30th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

IWG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 275 price objective on shares of IWG in a report on Wednesday, May 13th. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 260 price target on shares of IWG in a report on Wednesday, August 12th. Berenberg Bank restated a "buy" rating and issued a GBX 350 price objective on shares of IWG in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 265 price objective on shares of IWG in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 269.80.

IWG Company Profile

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.

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