Peel Hunt downgraded shares of IWG (LON:IWG) to a hold rating in a research note issued to investors on Monday, Stock Target Advisor reports. Peel Hunt currently has GBX 160 ($2.10) target price on the stock, down from their previous target price of GBX 460 ($6.05).
Separately, Credit Suisse Group upped their price target on IWG from GBX 440 ($5.79) to GBX 515 ($6.77) and gave the stock an outperform rating in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 354.17 ($4.66).
Shares of IWG opened at GBX 179.05 ($2.36) on Monday. The business’s 50 day moving average is GBX 332.25 and its 200 day moving average is GBX 393.87. The company has a market capitalization of $1.55 billion and a PE ratio of 3.61. IWG has a 12-month low of GBX 216.30 ($2.85) and a 12-month high of GBX 470.40 ($6.19). The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 784.43.
In other news, insider Mark Dixon bought 2,000,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average cost of GBX 151 ($1.99) per share, for a total transaction of £3,020,000 ($3,972,638.78). Also, insider Francois Pauly bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average price of GBX 115 ($1.51) per share, for a total transaction of £28,750 ($37,819.00).
IWG Company Profile
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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