IWG (LON:IWG) Price Target Raised to GBX 265

IWG (LON:IWG) had its target price hoisted by Jefferies Financial Group from GBX 245 to GBX 265 in a research note released on Monday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the company. Royal Bank Of Canada lifted their price target on IWG from GBX 215 to GBX 260 and gave the company an “outperform” rating in a research report on Friday, August 29th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 270 target price on shares of IWG in a research note on Tuesday, November 4th. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 199 price target on shares of IWG in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, IWG currently has a consensus rating of “Moderate Buy” and an average target price of GBX 248.50.

IWG Price Performance

LON:IWG opened at GBX 228.22 on Monday. IWG has a 52-week low of GBX 146 and a 52-week high of GBX 243.40. The stock has a fifty day moving average of GBX 223.97 and a 200 day moving average of GBX 212.48. The company has a debt-to-equity ratio of 12,629.31, a quick ratio of 0.45 and a current ratio of 0.41. The firm has a market capitalization of £2.28 billion, a price-to-earnings ratio of 103.74, a P/E/G ratio of -5.59 and a beta of 2.10.

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.