IWG plc (LON:IWG) Given Average Recommendation of “Hold” by Brokerages

IWG plc (LON:IWGGet Rating) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 326.43 ($4.00).

IWG has been the topic of a number of research reports. Barclays reaffirmed an “overweight” rating and set a GBX 330 ($4.04) target price on shares of IWG in a research note on Wednesday, March 9th. Berenberg Bank upgraded shares of IWG to a “buy” rating and set a GBX 310 ($3.80) price target on the stock in a report on Monday, May 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 300 ($3.67) price target on shares of IWG in a report on Thursday, March 24th.

LON IWG opened at GBX 191.85 ($2.35) on Friday. The firm’s fifty day moving average price is GBX 239.29 and its two-hundred day moving average price is GBX 263.31. The stock has a market cap of £1.93 billion and a PE ratio of -9.64. IWG has a fifty-two week low of GBX 189.40 ($2.32) and a fifty-two week high of GBX 345 ($4.23). The company has a debt-to-equity ratio of 2,166.17, a quick ratio of 0.31 and a current ratio of 0.37.

In other news, insider Francois Pauly bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 7th. The shares were acquired at an average price of GBX 269 ($3.29) per share, for a total transaction of £53,800 ($65,899.07).

About IWG (Get Rating)

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 coworking and collaboration spaces; flexible and scalable spaces; work and community spaces; private, professional, and memberships workspaces; virtual offices, meeting rooms, and lounges; and reception services and conference products.

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Analyst Recommendations for IWG (LON:IWG)

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