Royal Bank of Canada Cuts IWG (LON:IWG) Price Target to GBX 300

IWG (LON:IWG) had its price objective lowered by research analysts at Royal Bank of Canada from GBX 330 ($4.31) to GBX 300 ($3.92) in a research report issued on Wednesday, Price reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 0.63% from the company’s previous close.

Several other brokerages also recently issued reports on IWG. Peel Hunt lowered their price target on IWG from GBX 340 ($4.44) to GBX 300 ($3.92) and set a “hold” rating for the company in a report on Monday. Peel Hunt dropped their target price on IWG from GBX 340 ($4.44) to GBX 300 ($3.92) and set a “hold” rating on the stock in a report on Monday. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 370 ($4.83) price target on shares of IWG in a research report on Tuesday, April 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 329.29 ($4.30).

Shares of IWG stock opened at GBX 301.90 ($3.94) on Wednesday. The company has a debt-to-equity ratio of 1,358.66, a quick ratio of 0.40 and a current ratio of 0.45. The stock has a market cap of £3.04 billion and a P/E ratio of -4.45. The company has a fifty day simple moving average of GBX 359.33. IWG has a 52 week low of GBX 204.60 ($2.67) and a 52 week high of GBX 387.60 ($5.06).

In other news, insider Francois Pauly sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 30th. The stock was sold at an average price of GBX 340 ($4.44), for a total transaction of £170,000 ($222,106.09).

IWG Company Profile

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, the United Kingdom, and internationally. The company offers co working and office space; virtual and membership offices, as well as lounges; private workshop, professional, and flexible and scalable spaces; meeting rooms; and reception services and conference products.

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Analyst Recommendations for IWG (LON:IWG)

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