Peel Hunt reaffirmed their buy rating on shares of IWG (LON:IWG) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other research analysts have also weighed in on IWG. Credit Suisse Group boosted their price target on IWG from GBX 398 ($5.20) to GBX 440 ($5.75) and gave the stock an outperform rating in a research report on Friday, August 9th. Royal Bank of Canada boosted their price target on IWG from GBX 260 ($3.40) to GBX 450 ($5.88) and gave the stock a sector performer rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 378 ($4.94).
Shares of LON:IWG opened at GBX 412.71 ($5.39) on Tuesday. The firm has a market cap of $3.81 billion and a PE ratio of 10.24. IWG has a 12-month low of GBX 199 ($2.60) and a 12-month high of GBX 428.70 ($5.60). The company has a fifty day simple moving average of GBX 402.57 and a 200 day simple moving average of GBX 334.87. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 787.87.
In related news, insider Mark Dixon purchased 207,039 shares of the stock in a transaction on Monday, June 24th. The shares were purchased at an average price of GBX 339 ($4.43) per share, with a total value of £701,862.21 ($917,107.29).
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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