Berenberg Bank Reaffirms Buy Rating for IWG (LON:IWG)

IWG (LON:IWG)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 350 price objective on the stock. Berenberg Bank‘s target price suggests a potential upside of 69.57% from the company’s previous close.

IWG has been the subject of a number of other research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 265 target price on shares of IWG in a research note on Wednesday, August 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 260 price target on shares of IWG in a research note on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 263.80.

IWG Stock Up 4.6%

Shares of LON:IWG opened at GBX 206.40 on Tuesday. The stock’s 50-day moving average price is GBX 181.89 and its 200-day moving average price is GBX 193.46. IWG has a 12-month low of GBX 163.50 and a 12-month high of GBX 250.60. The stock has a market capitalization of £1.94 billion, a P/E ratio of 229.33, a price-to-earnings-growth ratio of -5.59 and a beta of 1.56. The company has a current ratio of 0.43, a quick ratio of 0.45 and a debt-to-equity ratio of -1,917.40.

Insider Activity

In other IWG news, insider Christian Schmitz purchased 50,000 shares of IWG stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average price of GBX 183 per share, for a total transaction of £91,500. Insiders bought 125,000 shares of company stock valued at $22,050,000 over the last quarter. 26.19% of the stock is owned by company insiders.

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.