IWG (LON:IWG) Trading Up 1.2%

IWG plc (LON:IWG)’s share price rose 1.2% during mid-day trading on Monday . The company traded as high as GBX 189.90 ($2.39) and last traded at GBX 188.50 ($2.37). Approximately 683,946 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,712,320 shares. The stock had previously closed at GBX 186.20 ($2.34).

Analyst Ratings Changes

Separately, Royal Bank of Canada restated an “outperform” rating and set a GBX 215 ($2.70) price objective on shares of IWG in a research report on Monday, April 8th.

IWG Price Performance

The company has a debt-to-equity ratio of 7,170.59, a quick ratio of 0.45 and a current ratio of 0.39. The company’s 50 day moving average price is GBX 186.38 and its 200-day moving average price is GBX 172.05. The company has a market cap of £1.90 billion, a price-to-earnings ratio of -897.62, a PEG ratio of -5.59 and a beta of 2.03.

IWG Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 2nd will be given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, May 2nd. IWG’s dividend payout ratio (DPR) is presently -952.38%.

About IWG

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.