IWG’s (IWG) “Buy” Rating Reaffirmed at Jefferies Financial Group

IWG (LON:IWG)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 235 price target on the stock. Jefferies Financial Group‘s price objective points to a potential upside of 13.86% from the company’s current price.

A number of other brokerages also recently issued reports on IWG. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 260 price objective on shares of IWG in a research report on Wednesday, August 12th. Berenberg Bank restated a “buy” rating and set a GBX 350 target price on shares of IWG in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 263.80.

IWG Stock Up 4.6%

Shares of LON:IWG opened at GBX 206.40 on Tuesday. The firm has a fifty day moving average price of GBX 181.89 and a two-hundred day moving average price of GBX 193.46. The company has a market cap of £1.94 billion, a price-to-earnings ratio of 229.33, a PEG ratio of -5.59 and a beta of 1.56. The company has a debt-to-equity ratio of -1,917.40, a current ratio of 0.43 and a quick ratio of 0.45. IWG has a one year low of GBX 163.50 and a one year high of GBX 250.60.

Insider Buying and Selling at IWG

In related news, insider Christian Schmitz acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of GBX 183 per share, for a total transaction of £91,500. Insiders have purchased 125,000 shares of company stock valued at $22,050,000 in the last quarter. 26.19% of the stock is currently owned by corporate insiders.

IWG Company Profile

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.