IWG plc (LON:IWG – Get Rating)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 197.95 ($2.42) and last traded at GBX 198.90 ($2.44), with a volume of 727043 shares trading hands. The stock had previously closed at GBX 202.20 ($2.48). IWG has been […]
IWG plc (LON:IWG – Get Rating) has been given an average rating of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers […]
IWG plc (LON:IWG – Get Rating) insider Francois Pauly sold 50,000 shares of IWG stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of GBX 258 ($3.38), for a total transaction of £129,000 ($168,980.88). LON IWG opened at GBX 259.40 ($3.40) on Tuesday. The firm’s fifty […]
Royal Bank of Canada reaffirmed their sector perform rating on shares of IWG (LON:IWG – Get Rating) in a research note released on Thursday, MarketBeat.com reports. The brokerage currently has a GBX 300 ($3.95) price objective on the stock. Separately, Barclays restated an overweight rating and set a GBX 330 ($4.34) price target on shares […]
27 April 2021 | 08:05am
StockMarketWire.com - Workspace brands operator IWG said revenue fell by more than fifth in the first quarter of the year as lockdowns restrictions continued to stifle demand for office space.
For the three months ended 31 March 2021, revenue fell 23.6% to £528.3 million, with pre-2020 occupancy down 820 basis points to 66.4%.
The opened 43 locations, including 10 from an acquisition, and closed 55 in the period.
Looking ahead, the company touted early signs of improvement. Performance has now started to show improvements on multiple KPIs as we exit the quarter, the company said. Occupancy is improving, enquiries reached pre-Covid-19 levels, an increasing pipeline of corporate customers on network-wide deals and, most importantly, service revenues starting to improve, it added