IWG (LON:IWG) Given Buy Rating at Jefferies Financial Group

IWG (LON:IWG)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 265 price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 48.63% from the company’s previous close.

A number of other analysts have also issued reports on IWG. Berenberg Bank reissued a “buy” rating and set a GBX 350 target price on shares of IWG in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 275 price target on shares of IWG in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 269.80.

IWG Stock Performance

Shares of IWG stock opened at GBX 178.30 on Wednesday. The stock’s fifty day moving average is GBX 188.56 and its two-hundred day moving average is GBX 196.71. The company has a market capitalization of £1.67 billion, a PE ratio of 99.06, a price-to-earnings-growth ratio of -5.59 and a beta of 1.56. The company has a quick ratio of 0.45, a current ratio of 0.38 and a debt-to-equity ratio of -2,429.18. IWG has a 52 week low of GBX 163.50 and a 52 week high of GBX 250.60.

IWG declared that its Board of Directors has initiated a stock repurchase program on Tuesday, June 30th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.