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

Key Points

• IWG insider Christian Schmitz purchased 50,000 shares at GBX 183 each, worth £91,500, following additional purchases totaling 75,000 shares the prior week.
• IWG shares opened at GBX 185.30, compared with a one-year range of GBX 163.50 to GBX 250.60. The company also authorized a $50 million share buyback, potentially repurchasing up to 2.8% of outstanding shares.
• Analyst sentiment remains positive: four analysts rate IWG a Buy and one a Hold, producing a “Moderate Buy” consensus and an average target price of GBX 269.80.

IWG plc (LON:IWG - Get Free Report) insider Christian Schmitz acquired 50,000 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of GBX 183 per share, for a total transaction of £91,500.

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

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

IWG Price Performance

Shares of LON IWG opened at GBX 185.30 on Thursday. 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 plc has a one year low of GBX 163.50 and a one year high of GBX 250.60. The firm has a market capitalization of £1.74 billion, a P/E ratio of 102.94, a PEG ratio of -5.59 and a beta of 1.56. The company's fifty day moving average is GBX 188.05 and its two-hundred day moving average is GBX 191.58.

IWG announced that its Board of Directors has approved a stock buyback plan on Tuesday, June 30th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

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