IWG’s (IWG) “Buy” Rating Reiterated at Jefferies Financial Group

IWG (LON:IWG)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 265 target price on the stock. Jefferies Financial Group’s target price suggests a potential upside of 39.33% from the company’s current price.

IWG Price Performance

Shares of LON IWG opened at GBX 190.20 on Tuesday. IWG has a twelve month low of GBX 163.50 and a twelve month high of GBX 250.60. The company has a current ratio of 0.38, a quick ratio of 0.45 and a debt-to-equity ratio of -2,429.18. The company has a market capitalization of £1.84 billion, a price-to-earnings ratio of 105.67, a PEG ratio of -5.59 and a beta of 1.57. The firm has a 50-day moving average of GBX 188.41 and a two-hundred day moving average of GBX 215.42.

IWG announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

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. It provides its services franchise partners, landlords, and property owners under the Regus, Spaces, HQ, Signature, Basepoint, Stop & Work, The Office Operators, BizDojo, Open Office, No18, The Clubhouse, Central Working, and Copernico brands.