IWG (LON:IWG)‘s stock had its “sector perform” rating reissued by equities researchers at Royal Bank of Canada in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 260 ($3.40) price target on the stock. Royal Bank of Canada’s price target would indicate a potential downside of 22.27% from the stock’s current price.
A number of other equities analysts also recently issued reports on IWG. Credit Suisse Group upgraded IWG to an “outperform” rating and raised their price target for the stock from GBX 200 ($2.61) to GBX 328 ($4.29) in a research note on Monday. Peel Hunt restated a “hold” rating on shares of IWG in a research note on Wednesday, March 27th. Finally, Berenberg Bank restated a “sell” rating on shares of IWG in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 244.50 ($3.19).
Shares of IWG opened at GBX 334.50 ($4.37) on Monday. The firm has a market cap of $3.00 billion and a price-to-earnings ratio of 28.84. IWG has a 12 month low of GBX 199 ($2.60) and a 12 month high of GBX 335 ($4.38). The company has a current ratio of 0.57, a quick ratio of 0.42 and a debt-to-equity ratio of 70.53.
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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