IWG (LON:IWG) Trading Down 1.1%

IWG plc (LON:IWG)’s share price was down 1.1% during mid-day trading on Friday . The stock traded as low as GBX 173.80 ($2.23) and last traded at GBX 175 ($2.24). Approximately 935,531 shares were traded during trading, a decline of 42% from the average daily volume of 1,614,354 shares. The stock had previously closed at GBX 177 ($2.27).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 215 ($2.75) price objective on shares of IWG in a research report on Monday, April 8th.

IWG Stock Down 1.1 %

The stock has a market capitalization of £1.77 billion, a PE ratio of -833.33, a PEG ratio of -5.59 and a beta of 1.99. The firm’s fifty day moving average is GBX 185.21 and its 200-day moving average is GBX 185.58. The company has a quick ratio of 0.45, a current ratio of 0.39 and a debt-to-equity ratio of 7,170.59.

Insider Buying and Selling

In other news, insider Francois Pauly purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of GBX 185 ($2.37) per share, with a total value of £37,000 ($47,393.36). In other IWG news, insider Mark Dixon sold 35,000,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of GBX 196 ($2.51), for a total value of £68,600,000 ($87,869,860.38). Also, insider Francois Pauly bought 20,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of GBX 185 ($2.37) per share, with a total value of £37,000 ($47,393.36). 28.71% of the stock is currently owned by corporate insiders.

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.