IWG (LON:IWG) Hits New 12-Month High – Time to Buy?

Shares of IWG plc (LON:IWG) hit a new 52-week high during trading on Monday . The company traded as high as GBX 247 and last traded at GBX 245.20, with a volume of 84755 shares trading hands. The stock had previously closed at GBX 245.40.

Analyst Upgrades and Downgrades

A number of research firms have commented on IWG. Berenberg Bank reiterated a “buy” rating and issued a GBX 270 price target on shares of IWG in a research report on Tuesday, November 4th. Jefferies Financial Group raised their price objective on shares of IWG from GBX 245 to GBX 265 and gave the stock a “buy” rating in a research report on Monday, November 24th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 199 target price on shares of IWG in a research report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 248.50.

IWG Stock Down 0.1%

The firm has a market capitalization of £2.44 billion, a P/E ratio of 111.45, a P/E/G ratio of -5.59 and a beta of 2.10. 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. The stock’s 50-day simple moving average is GBX 229.95 and its 200-day simple moving average is GBX 222.03.

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. 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.