Iwg Plc (LON:IWG) was downgraded by research analysts at J P Morgan Chase & Co to a “neutral” rating in a research report issued on Monday. They presently have a GBX 230 ($3.04) price objective on the stock, down from their previous price objective of GBX 350 ($4.62). J P Morgan Chase & Co’s price objective suggests a potential upside of 6.78% from the stock’s previous close.
IWG has been the subject of a number of other reports. Peel Hunt reissued an “add” rating and issued a GBX 399 ($5.27) price target (down from GBX 420 ($5.54)) on shares of Iwg Plc in a research report on Tuesday, August 8th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 335 ($4.42) price target on shares of Iwg Plc in a research report on Wednesday, August 9th. Berenberg Bank cut shares of Iwg Plc to a “hold” rating and reduced their price target for the company from GBX 430 ($5.67) to GBX 230 ($3.04) in a research report on Monday, October 23rd. Finally, Credit Suisse Group cut shares of Iwg Plc to a “neutral” rating and reduced their price target for the company from GBX 435 ($5.74) to GBX 250 ($3.30) in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Iwg Plc presently has an average rating of “Hold” and an average price target of GBX 249 ($3.29).
Iwg Plc (IWG) opened at 215.40 on Monday. Iwg Plc has a 52-week low of GBX 201.30 and a 52-week high of GBX 392.00. The firm’s market capitalization is GBX 1.98 billion. The company has a 50 day moving average price of GBX 283.49 and a 200 day moving average price of GBX 314.58.
Iwg Plc Company Profile
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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