IWG (LON:IWG) Trading Down 0.9%
Shares of Iwg Plc (LON:IWG) traded down 0.9% on Tuesday . The company traded as low as GBX 401.50 ($5.28) and last traded at GBX 403.20 ($5.30), 1,139,445 shares were traded during trading. A decline of 54% from the average session volume of 2,500,000 shares. The stock had previously closed at GBX 407 ($5.35).
Several equities analysts have issued reports on IWG shares. Peel Hunt reiterated a “buy” rating and issued a GBX 460 ($6.05) target price on shares of IWG in a research note on Friday, October 25th. Peel Hunt reissued a “buy” rating and set a GBX 480 ($6.31) price target (up from GBX 460 ($6.05)) on shares of IWG in a research report on Monday, November 4th. Royal Bank of Canada raised their price target on shares of IWG from GBX 260 ($3.42) to GBX 450 ($5.92) and gave the company a “sector performer” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 410 ($5.39) price target (up from GBX 400 ($5.26)) on shares of IWG in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 448 ($5.89).
The company’s fifty day simple moving average is GBX 396.63 and its 200-day simple moving average is GBX 380.20. The company has a debt-to-equity ratio of 787.87, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $3.57 billion and a PE ratio of 10.00.
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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