Iwg Plc (LON:IWG) Given Average Recommendation of “Hold” by Brokerages
Shares of Iwg Plc (LON:IWG) have been assigned an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 294 ($3.84).
IWG has been the topic of a number of analyst reports. Peel Hunt reaffirmed a “buy” rating on shares of IWG in a report on Wednesday, May 1st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of IWG in a research note on Wednesday, May 15th. Credit Suisse Group raised shares of IWG to an “outperform” rating and raised their target price for the company from GBX 200 ($2.61) to GBX 328 ($4.29) in a research note on Monday, April 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a GBX 260 ($3.40) target price on shares of IWG in a research note on Monday, April 15th.
Shares of IWG stock traded down GBX 0.90 ($0.01) during trading hours on Tuesday, reaching GBX 340.30 ($4.45). The stock had a trading volume of 1,299,749 shares, compared to its average volume of 2,500,000. The company has a quick ratio of 0.42, a current ratio of 0.57 and a debt-to-equity ratio of 70.53. IWG has a twelve month low of GBX 199 ($2.60) and a twelve month high of GBX 360.30 ($4.71). The company’s 50-day simple moving average is GBX 338.87. The company has a market cap of $3.05 billion and a price-to-earnings ratio of 29.34.
IWG Company Profile
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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