IWG (LON:IWG) Trading Down 1.1%

IWG plc (LON:IWG) shares fell 1.1% during trading on Friday . The company traded as low as GBX 173.80 ($2.23) and last traded at GBX 175 ($2.24). 935,531 shares changed hands during trading, a decline of 42% from the average session volume of 1,614,354 shares. The stock had previously closed at GBX 177 ($2.27).

Wall Street Analysts Forecast Growth

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 Price Performance

The stock’s 50-day moving average is GBX 185.21 and its 200 day moving average is GBX 185.58. The stock has a market capitalization of £1.77 billion, a PE ratio of -833.33, a P/E/G ratio of -5.59 and a beta of 1.99. 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 Activity at IWG

In other IWG news, insider Francois Pauly bought 20,000 shares of the firm’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). In other news, insider Mark Dixon sold 35,000,000 shares of the business’s stock in a transaction on 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 acquired 20,000 shares of IWG stock in a transaction dated Thursday, May 30th. The stock was purchased at an average price 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 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.