IWG (LON:IWG) Hits New 52-Week High – Time to Buy?

Shares of IWG plc (LON:IWG) reached a new 52-week high on Thursday . The stock traded as high as GBX 243.60 and last traded at GBX 243.60, with a volume of 289638 shares. The stock had previously closed at GBX 238.

Analysts Set New Price Targets

Several research firms recently commented on IWG. Peel Hunt reaffirmed a “hold” rating and set a GBX 199 price objective on shares of IWG in a research report on Tuesday, November 4th. Jefferies Financial Group upped their target price on shares of IWG from GBX 245 to GBX 265 and gave the company a “buy” rating in a research note on Monday, November 24th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 270 target price on shares of IWG in a report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 248.50.

IWG Stock Performance

The company has a market cap of £2.43 billion, a PE ratio of 111.39, a PEG ratio of -5.59 and a beta of 2.10. The company has a current ratio of 0.41, a quick ratio of 0.45 and a debt-to-equity ratio of 12,629.31. The business’s 50 day moving average is GBX 227.76 and its two-hundred day moving average is GBX 220.98.

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.