Brokerages Set Iwg Plc (LON:IWG) PT at GBX 306.50

Iwg Plc (LON:IWG) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 306.50 ($3.77).

Several equities analysts recently issued reports on IWG shares. Berenberg Bank restated a “hold” rating and set a GBX 130 ($1.60) price target on shares of IWG in a research note on Thursday, May 28th. Peel Hunt boosted their price target on IWG from GBX 200 ($2.46) to GBX 239 ($2.94) and gave the company a “hold” rating in a research note on Thursday, May 28th. Credit Suisse Group boosted their price target on IWG from GBX 238 ($2.93) to GBX 350 ($4.31) and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 335 ($4.12) price target (down from GBX 410 ($5.05)) on shares of IWG in a research note on Friday, June 26th. Finally, Royal Bank of Canada lowered IWG to a “sector performer” rating and boosted their price target for the company from GBX 275 ($3.38) to GBX 325 ($4.00) in a research note on Thursday, June 4th.

Shares of IWG opened at GBX 230.80 ($2.84) on Tuesday. IWG has a 12-month low of GBX 2.61 ($0.03) and a 12-month high of GBX 470.40 ($5.79). The company has a quick ratio of 0.30, a current ratio of 0.36 and a debt-to-equity ratio of 784.43. The firm has a market capitalization of $2.32 billion and a price-to-earnings ratio of 4.65. The stock’s 50-day moving average price is GBX 270 and its 200 day moving average price is GBX 294.68.

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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