Peel Hunt Reiterates “Hold” Rating for IWG (LON:IWG)

IWG (LON:IWG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Peel Hunt in a report released on Tuesday,London Stock Exchange reports. They currently have a GBX 199 price objective on the stock. Peel Hunt’s target price points to a potential downside of 7.44% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 270 price objective on shares of IWG in a research report on Tuesday. Royal Bank Of Canada boosted their price objective on IWG from GBX 215 to GBX 260 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 243.

IWG Stock Performance

LON:IWG traded down GBX 5.20 during midday trading on Tuesday, reaching GBX 215. 3,537,581 shares of the company traded hands, compared to its average volume of 4,511,983. IWG has a twelve month low of GBX 146 and a twelve month high of GBX 243.40. The firm has a market capitalization of £2.15 billion, a price-to-earnings ratio of 97.73, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10. 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. The company has a fifty day moving average price of GBX 216.80 and a 200 day moving average price of GBX 208.07.

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.