IWG’s (IWG) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of IWG (LON:IWG – Free Report) in a research report released on Wednesday, Marketbeat reports. The firm currently has a GBX 275 target price on the stock.

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 265 price objective on shares of IWG in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 253.80.

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IWG Price Performance

Shares of IWG opened at GBX 185.92 on Wednesday. The stock has a fifty day moving average price of GBX 186.48 and a 200 day moving average price of GBX 214.27. IWG has a 12 month low of GBX 163.50 and a 12 month high of GBX 250.60. The company has a market cap of £1.80 billion, a P/E ratio of 103.29, a PEG ratio of -5.59 and a beta of 1.57. The company has a debt-to-equity ratio of -2,429.18, a current ratio of 0.38 and a quick ratio of 0.45.

IWG announced that its Board of Directors has approved a share buyback program on Tuesday, March 3rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

About IWG

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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.

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