IWG (LON:IWG) Receives Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of IWG (LON:IWG) in a research report released on Tuesday, Marketbeat reports. Berenberg Bank currently has a GBX 270 price target on the stock.

Separately, Royal Bank Of Canada raised their target price on shares of IWG from GBX 215 to GBX 260 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 243.

IWG Stock Down 2.4%

IWG stock opened at GBX 215 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.45 and a debt-to-equity ratio of 12,629.31. IWG has a twelve month low of GBX 146 and a twelve month high of GBX 243.40. The company’s 50 day moving average is GBX 216.94 and its two-hundred day moving average is GBX 208.37. The stock has a market cap of £2.15 billion, a P/E ratio of 97.73, a PEG ratio of -5.59 and a beta of 2.10.

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.