IWG (LON:IWG) Given New GBX 265 Price Target at Jefferies Financial Group

IWG (LON:IWG) had its price objective raised by Jefferies Financial Group from GBX 245 to GBX 265 in a report issued on Monday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of IWG from GBX 215 to GBX 260 and gave the company an “outperform” rating in a report on Friday, August 29th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 target price on shares of IWG in a report on Tuesday, November 4th. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 199 price target on shares of IWG in a research note on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 248.50.

IWG Stock Up 1.6%

IWG stock opened at GBX 223.40 on Monday. The firm has a fifty day moving average price of GBX 222.65 and a two-hundred day moving average price of GBX 212.08. The company has a debt-to-equity ratio of 12,629.31, a current ratio of 0.41 and a quick ratio of 0.45. IWG has a 1-year low of GBX 146 and a 1-year high of GBX 243.40. The firm has a market cap of £2.23 billion, a price-to-earnings ratio of 101.55, a PEG ratio of -5.59 and a beta of 2.10.

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.