IWG (LON:IWG) Stock Keeps Buy Rating at Jefferies Financial Group

IWG (LON:IWG)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 235 price target on the stock. Jefferies Financial Group‘s target price would indicate a potential upside of 13.86% from the company’s previous close.

Several other equities analysts also recently weighed in on IWG. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 260 target price on shares of IWG in a research note on Wednesday, August 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 350 price objective on shares of IWG in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, IWG presently has a consensus rating of “Moderate Buy” and an average price target of GBX 263.80.

IWG Stock Up 4.6%

Shares of LON:IWG opened at GBX 206.40 on Tuesday. The business has a 50-day moving average price of GBX 181.89 and a 200 day moving average price of GBX 193.46. The company has a current ratio of 0.43, a quick ratio of 0.45 and a debt-to-equity ratio of -1,917.40. The company has a market capitalization of £1.94 billion, a price-to-earnings ratio of 229.33, a PEG ratio of -5.59 and a beta of 1.56. IWG has a 12-month low of GBX 163.50 and a 12-month high of GBX 250.60.

Insider Buying and Selling at IWG

In related news, insider Christian Schmitz acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of GBX 183 per share, for a total transaction of £91,500. Insiders acquired 125,000 shares of company stock valued at $22,050,000 in the last three months. 26.19% of the stock is currently owned by insiders.

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. 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.