IWG (LON:IWG)‘s stock had its “hold” rating reaffirmed by research analysts at Peel Hunt in a research note issued on Monday.
Other equities analysts have also issued reports about the company. Credit Suisse Group cut their target price on IWG from GBX 260 ($3.40) to GBX 245 ($3.20) and set a “neutral” rating on the stock in a report on Thursday, August 9th. Berenberg Bank dropped their price objective on IWG from GBX 240 ($3.14) to GBX 220 ($2.87) and set a “hold” rating on the stock in a research note on Wednesday, August 8th. Numis Securities reiterated a “hold” rating on shares of IWG in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada lowered IWG to an “underperform” rating and dropped their price objective for the stock from GBX 220 ($2.87) to GBX 200 ($2.61) in a research note on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 218.33 ($2.85).
LON IWG opened at GBX 230.80 ($3.02) on Monday. IWG has a fifty-two week low of GBX 188.90 ($2.47) and a fifty-two week high of GBX 392 ($5.12).
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 and workshops.
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