Iwg Plc (LON:IWG) Receives GBX 306.50 Consensus PT from Brokerages

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Shares of Iwg Plc (LON:IWG) have been assigned an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 306.50 ($3.77).

Several analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 335 ($4.12) price target (down previously from GBX 410 ($5.05)) on shares of IWG in a report on Friday, June 26th. Berenberg Bank reissued a “hold” rating and issued a GBX 130 ($1.60) price target on shares of IWG in a report on Thursday, May 28th. Royal Bank of Canada downgraded IWG to a “sector performer” rating and raised their price target for the stock from GBX 275 ($3.38) to GBX 325 ($4.00) in a report on Thursday, June 4th. Credit Suisse Group raised their price target on IWG from GBX 238 ($2.93) to GBX 350 ($4.31) and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, Peel Hunt raised their price target on IWG from GBX 200 ($2.46) to GBX 239 ($2.94) and gave the stock a “hold” rating in a report on Thursday, May 28th.

Shares of LON IWG opened at GBX 230.80 ($2.84) on Tuesday. The company has a market cap of $2.32 billion and a price-to-earnings ratio of 4.65. IWG has a 12-month low of GBX 2.61 ($0.03) and a 12-month high of GBX 470.40 ($5.79). The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 784.43. The stock’s 50 day simple moving average is GBX 270 and its 200 day simple moving average is GBX 294.68.

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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Analyst Recommendations for IWG (LON:IWG)

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