IWG (LON:IWG) Earns “Buy” Rating from Peel Hunt
Peel Hunt restated their buy rating on shares of IWG (LON:IWG) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports.
Other equities analysts have also issued reports about the stock. Credit Suisse Group lifted their price objective on shares of IWG from GBX 398 ($5.20) to GBX 440 ($5.75) and gave the company an outperform rating in a research report on Friday, August 9th. Royal Bank of Canada lifted their price objective on shares of IWG from GBX 260 ($3.40) to GBX 450 ($5.88) and gave the company a sector performer rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 378 ($4.94).
Shares of IWG opened at GBX 412.50 ($5.39) on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 787.87. The firm has a market cap of $3.81 billion and a PE ratio of 10.24. The company’s 50 day simple moving average is GBX 403.26 and its 200-day simple moving average is GBX 335.79. IWG has a 12-month low of GBX 199 ($2.60) and a 12-month high of GBX 428.70 ($5.60).
In other news, insider Mark Dixon acquired 207,039 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were purchased at an average cost of GBX 339 ($4.43) per share, for a total transaction of £701,862.21 ($917,107.29).
IWG plc, together with its subsidiaries, provides office outsourcing services in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and the United Kingdom. The company offers virtual office services; 24/7 workspace recovery solutions; mobile and digital self-service solutions; co-working solutions; fully managed offices; networking and knowledge-sharing meetings; and meeting spaces.
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