Iwg Plc (LON:IWG) Given Average Rating of “Hold” by Brokerages

Iwg Plc (LON:IWG) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 294 ($3.84).

IWG has been the topic of several research reports. Credit Suisse Group raised their price objective on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a research note on Wednesday, May 15th. Royal Bank of Canada raised their target price on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Finally, Peel Hunt restated an “under review” rating on shares of Motif Bio in a research note on Monday, July 15th.

In other news, insider Mark Dixon bought 207,039 shares of IWG stock in a transaction dated Monday, June 24th. The stock was bought at an average price of GBX 339 ($4.43) per share, for a total transaction of £701,862.21 ($917,107.29). Insiders bought a total of 500,401 shares of company stock valued at $168,170,327 in the last 90 days.

IWG stock traded up GBX 5.80 ($0.08) during midday trading on Friday, hitting GBX 361 ($4.72). 1,843,037 shares of the company’s stock were exchanged, compared to its average volume of 2,500,000. IWG has a 12-month low of GBX 199 ($2.60) and a 12-month high of GBX 363.30 ($4.75). The company has a debt-to-equity ratio of 70.53, a quick ratio of 0.42 and a current ratio of 0.57. The stock has a market cap of $3.23 billion and a PE ratio of 31.12. The business has a 50 day moving average price of GBX 341.05.

About IWG

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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Analyst Recommendations for IWG (LON:IWG)

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