IWG plc (LON:IWG – Get Rating) has received an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 326.43 ($3.96).
A number of analysts have issued reports on the company. Barclays reissued an “overweight” rating and issued a GBX 330 ($4.01) target price on shares of IWG in a research report on Wednesday, March 9th. Berenberg Bank upgraded IWG to a “buy” rating and set a GBX 310 ($3.76) price objective on the stock in a research note on Monday, May 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 300 ($3.64) target price on shares of IWG in a report on Thursday, March 24th.
LON:IWG opened at GBX 205.50 ($2.49) on Friday. The firm has a market cap of £2.07 billion and a P/E ratio of -10.12. 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 has a one year low of GBX 198.50 ($2.41) and a one year high of GBX 345 ($4.19). The firm has a 50-day simple moving average of GBX 243.38 and a 200-day simple moving average of GBX 265.05.
In related news, insider Francois Pauly acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, April 7th. The stock was acquired at an average price of GBX 269 ($3.26) per share, for a total transaction of £53,800 ($65,299.19).
About IWG (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.