Iwg Plc (IWG) Receives Average Rating of “Hold” from Analysts
Shares of Iwg Plc (LON:IWG) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 233.33 ($3.16).
Several equities analysts recently weighed in on the stock. Royal Bank of Canada lowered shares of IWG to a “sector performer” rating and reduced their target price for the company from GBX 370 ($5.02) to GBX 220 ($2.98) in a report on Monday, November 6th. Berenberg Bank lowered shares of IWG to a “hold” rating and reduced their target price for the company from GBX 430 ($5.83) to GBX 230 ($3.12) in a report on Monday, October 23rd. Numis Securities restated a “hold” rating and set a GBX 200 ($2.71) target price on shares of IWG in a report on Thursday, November 2nd. Credit Suisse Group lowered shares of IWG to a “neutral” rating and reduced their target price for the company from GBX 435 ($5.90) to GBX 250 ($3.39) in a report on Monday, October 23rd. Finally, JPMorgan Chase & Co. lowered shares of IWG to a “neutral” rating and reduced their target price for the company from GBX 350 ($4.75) to GBX 230 ($3.12) in a report on Monday, October 30th.
Shares of IWG (IWG) opened at GBX 266 ($3.61) on Thursday. The stock has a market cap of $2,350.00 and a price-to-earnings ratio of 1,900.00. IWG has a 12 month low of GBX 188.90 ($2.56) and a 12 month high of GBX 392 ($5.32).
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IWG Plc is a Jersey-based workspace company. The Company operates under the Regus, Regus Express, Spaces, Signature, Kora and Open Office brands and provides a global network of places to work for all kinds of businesses from home-based workers to corporations. The Company focuses on both single location and integrated national networks and also provides sales and management services.
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