Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for IWG (LON:IWG)

IWG (LON:IWG)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank Aktiengesellschaft in a report released on Wednesday,London Stock Exchange reports. They currently have a GBX 275 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 44.43% from the stock’s previous close.

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 265 target price on shares of IWG in a report on Tuesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 253.80.

IWG Trading Up 1.6%

Shares of IWG stock opened at GBX 190.40 on Wednesday. IWG has a fifty-two week low of GBX 163.50 and a fifty-two week high of GBX 250.60. The stock’s fifty day moving average price is GBX 187.70 and its two-hundred day moving average price is GBX 215.14. The company has a debt-to-equity ratio of -2,429.18, a quick ratio of 0.45 and a current ratio of 0.38. The company has a market cap of £1.84 billion, a PE ratio of 105.78, a P/E/G ratio of -5.59 and a beta of 1.57.

IWG announced that its board has initiated a stock buyback program on Tuesday, March 3rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

IWG Company Profile

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products. It provides its services franchise partners, landlords, and property owners under the Regus, Spaces, HQ, Signature, Basepoint, Stop & Work, The Office Operators, BizDojo, Open Office, No18, The Clubhouse, Central Working, and Copernico brands.