Peel Hunt Lowers IWG (LON:IWG) to Hold
Peel Hunt lowered shares of IWG (LON:IWG) to a hold rating in a research report released on Monday, Stock Target Advisor reports. Peel Hunt currently has GBX 160 ($2.10) price target on the stock, down from their prior price target of GBX 460 ($6.05).
Separately, Credit Suisse Group lifted their price target on shares of IWG from GBX 440 ($5.79) to GBX 515 ($6.77) and gave the company an outperform rating in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 354.17 ($4.66).
LON:IWG opened at GBX 163.80 ($2.15) on Monday. The company has a 50-day moving average of GBX 337.53 and a 200-day moving average of GBX 395.06. The company has a market capitalization of $1.41 billion and a price-to-earnings ratio of 3.30. IWG has a 52 week low of GBX 216.30 ($2.85) and a 52 week high of GBX 470.40 ($6.19). The company has a debt-to-equity ratio of 784.43, a quick ratio of 0.30 and a current ratio of 0.36.
In other news, insider Francois Pauly purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average cost of GBX 115 ($1.51) per share, with a total value of £28,750 ($37,819.00). Also, insider Mark Dixon purchased 2,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average cost of GBX 151 ($1.99) per share, with a total value of £3,020,000 ($3,972,638.78).
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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