Peel Hunt Reaffirms “Hold” Rating for IWG (IWG)
Other equities analysts have also issued research reports about the stock. Credit Suisse Group cut their price objective on shares of IWG from GBX 260 ($3.39) to GBX 245 ($3.19) and set a neutral rating for the company in a research report on Thursday, August 9th. Berenberg Bank cut their price objective on shares of IWG from GBX 240 ($3.13) to GBX 220 ($2.87) and set a hold rating for the company in a research report on Wednesday, August 8th. Numis Securities reissued a hold rating on shares of IWG in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada lowered shares of IWG to an underperform rating and cut their price objective for the company from GBX 220 ($2.87) to GBX 200 ($2.61) in a research report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 225.83 ($2.94).
LON:IWG opened at GBX 228.90 ($2.98) on Wednesday. IWG has a 1-year low of GBX 188.90 ($2.46) and a 1-year high of GBX 392 ($5.11).
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 and workshops.
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