Royal Bank Of Canada Forecasts Strong Price Appreciation for IWG (LON:IWG) Stock

IWG (LON:IWG) had its price target upped by equities researchers at Royal Bank Of Canada from GBX 215 to GBX 260 in a note issued to investors on Friday, Marketbeat reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 28.46% from the company’s current price.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 270 price target on shares of IWG in a report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 265.

IWG Price Performance

Shares of IWG stock opened at GBX 202.40 on Friday. IWG has a 12-month low of GBX 146 and a 12-month high of GBX 233.80. The firm has a market capitalization of £2.05 billion, a price-to-earnings ratio of 10,120.00, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10. The company has a quick ratio of 0.45, a current ratio of 0.41 and a debt-to-equity ratio of 12,629.31. The firm has a fifty day moving average of GBX 215.61 and a 200-day moving average of GBX 195.97.

About IWG

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.