Iwg Plc (IWG) Given Buy Rating at Berenberg Bank
Iwg Plc (LON:IWG)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report issued on Wednesday. They currently have a GBX 430 ($5.60) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 44.54% from the stock’s previous close.
IWG has been the subject of several other research reports. Peel Hunt raised their price objective on Iwg Plc from GBX 360 ($4.69) to GBX 420 ($5.47) and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Numis Securities Ltd reissued a “hold” rating and set a GBX 300 ($3.91) price objective on shares of Iwg Plc in a research report on Wednesday, May 3rd. Finally, Credit Suisse Group raised their price objective on Iwg Plc from GBX 320 ($4.17) to GBX 435 ($5.66) and gave the company an “outperform” rating in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Iwg Plc currently has an average rating of “Hold” and a consensus price target of GBX 389.80 ($5.08).
Shares of Iwg Plc (LON IWG) opened at 295.10 on Wednesday. Iwg Plc has a 52 week low of GBX 223.50 and a 52 week high of GBX 392.00. The firm’s 50-day moving average is GBX 323.62 and its 200-day moving average is GBX 311.78. The company’s market cap is GBX 2.72 billion.
In other Iwg Plc news, insider Mark Dixon sold 27,300,000 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of GBX 345 ($4.49), for a total transaction of £94,185,000 ($122,652,689.15).
About Iwg Plc
IWG Plc is a Jersey-based workspace company. The Company operates under the Regus, Regus Express, Spaces, Signature, Kora and Open Office brands and provides a global network of places to work for all kinds of businesses from home-based workers to corporations. The Company focuses on both single location and integrated national networks and also provides sales and management services.
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