IWG (LON:IWG – Get Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 350 target price on the stock. Berenberg Bank‘s price objective indicates a potential upside of 69.57% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 260 target price on shares of IWG in a research note on Wednesday, August 12th. Jefferies Financial Group restated a “buy” rating and issued a GBX 265 price objective on shares of IWG in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 263.80.
View Our Latest Stock Analysis on IWG
IWG Stock Up 4.6%
Shares of LON IWG opened at GBX 206.40 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.45 and a debt-to-equity ratio of -1,917.40. IWG has a 12 month low of GBX 163.50 and a 12 month high of GBX 250.60. The firm has a market capitalization of £1.94 billion, a PE ratio of 229.33, a price-to-earnings-growth ratio of -5.59 and a beta of 1.56. The firm has a fifty day simple moving average of GBX 181.89 and a two-hundred day simple moving average of GBX 193.46.
Insider Transactions at IWG
In other news, insider Christian Schmitz acquired 50,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was acquired at an average price of GBX 183 per share, with a total value of £91,500. Insiders acquired a total of 125,000 shares of company stock valued at $22,050,000 in the last ninety days. 26.19% of the stock is currently owned by corporate insiders.
About IWG
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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