IWG’s (IWG) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of IWG (LON:IWG) in a report published on Tuesday morning, MarketBeat Ratings reports. They currently have a GBX 270 target price on the stock.

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

IWG Price Performance

IWG opened at GBX 217.80 on Tuesday. The firm has a market capitalization of £2.18 billion, a PE ratio of 99.00, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10. The business’s 50-day moving average is GBX 217.56 and its two-hundred day moving average is GBX 208.53. IWG has a 1 year low of GBX 146 and a 1 year high of GBX 243.40. 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 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.