IWG (LON:IWG) Trading Down 2%

IWG plc (LON:IWGGet Free Report) shares dropped 2% on Friday . The company traded as low as GBX 168.60 ($2.13) and last traded at GBX 169.20 ($2.14). Approximately 861,740 shares were traded during trading, a decline of 49% from the average daily volume of 1,674,819 shares. The stock had previously closed at GBX 172.60 ($2.18).

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their target price on shares of IWG from GBX 190 ($2.40) to GBX 155 ($1.96) and set a “sector perform” rating on the stock in a research note on Monday, July 10th.

Get Our Latest Analysis on IWG

IWG Stock Performance

The company has a current ratio of 0.44, a quick ratio of 0.45 and a debt-to-equity ratio of 2,719.74. The business’s 50 day moving average is GBX 156.64 and its two-hundred day moving average is GBX 159.49. The company has a market cap of £1.71 billion, a PE ratio of -1,208.57, a PEG ratio of -5.59 and a beta of 2.00.

Insiders Place Their Bets

In related news, insider Mark Dixon purchased 41,562 shares of the firm’s stock in a transaction on Thursday, June 29th. The shares were acquired at an average price of GBX 134 ($1.69) per share, for a total transaction of £55,693.08 ($70,337.31). Corporate insiders own 28.87% of the company’s stock.

About IWG

(Get Free Report)

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, the United Kingdom, and internationally. The company offers coworking and collaboration spaces; flexible and scalable spaces; work and community spaces; private, professional, and memberships workspaces; virtual offices, meeting rooms, and lounges; and reception services and conference products.

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