IWG (LON:IWG) Trading Down 8.9% – Should You Sell?

IWG plc (LON:IWG) dropped 8.9% during mid-day trading on Friday . The company traded as low as GBX 223.20 and last traded at GBX 223.36. Approximately 6,706,598 shares changed hands during trading, a decline of 49% from the average daily volume of 13,161,270 shares. The stock had previously closed at GBX 245.20.

Analyst Ratings Changes

A number of research firms recently weighed in on IWG. Berenberg Bank restated a “buy” rating and issued a GBX 270 target price on shares of IWG in a report on Tuesday, November 4th. 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, Jefferies Financial Group raised their target price on IWG from GBX 245 to GBX 265 and gave the company a “buy” rating in a report on Monday, November 24th. Three 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 248.50.

IWG Trading Down 2.0%

The company has a debt-to-equity ratio of 12,629.31, a current ratio of 0.41 and a quick ratio of 0.45. The firm’s fifty day moving average is GBX 234.25 and its two-hundred day moving average is GBX 224.05. The firm has a market capitalization of £2.17 billion, a PE ratio of 99.45, a PEG 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. 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.