IWG plc (LON:IWG) Receives Average Rating of “Hold” from Brokerages

IWG plc (LON:IWG – Get Rating) has received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 324.50 ($4.08).

Several equities analysts have commented on IWG shares. Berenberg Bank raised IWG to a “buy” rating and set a GBX 310 ($3.90) price objective on the stock in a research report on Monday, May 9th. Barclays reaffirmed an “overweight” rating and issued a GBX 330 ($4.15) price objective on shares of IWG in a research report on Wednesday, March 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 300 ($3.78) price objective on shares of IWG in a research report on Thursday, March 24th.

In other news, insider Francois Pauly purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, April 26th. The shares were acquired at an average price of GBX 235 ($2.96) per share, with a total value of £11,750 ($14,785.45).

LON:IWG opened at GBX 238.60 ($3.00) on Tuesday. The stock’s fifty day moving average is GBX 254.80 and its 200 day moving average is GBX 272.58. IWG has a fifty-two week low of GBX 211.10 ($2.66) and a fifty-two week high of GBX 383.60 ($4.83). The firm has a market capitalization of £2.40 billion and a PE ratio of -11.60. 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.

IWG Company Profile (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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