IWG (LON:IWG) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

IWG plc (LON:IWG)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 219.69 and traded as low as GBX 218. IWG shares last traded at GBX 223.40, with a volume of 1,395,485 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IWG. Royal Bank Of Canada raised their target price on IWG from GBX 215 to GBX 260 and gave the company an “outperform” rating in a research report on Friday, August 29th. Peel Hunt reissued a “hold” rating and issued a GBX 199 price objective on shares of IWG in a research note on Tuesday, November 4th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 270 price objective on shares of IWG in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, IWG has an average rating of “Moderate Buy” and an average target price of GBX 243.

IWG Stock Performance

The firm has a fifty day simple moving average of GBX 219.69 and a 200-day simple moving average of GBX 209.97. The company has a market cap of £2.17 billion, a PE ratio of 98.82, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10. The company has a quick ratio of 0.45, a current ratio of 0.41 and a debt-to-equity ratio of 12,629.31.

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.