Peel Hunt Cuts IWG (LON:IWG) Price Target to GBX 400

IWG (LON:IWG) had its price target decreased by Peel Hunt from GBX 408 ($5.33) to GBX 400 ($5.23) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports. Peel Hunt currently has a buy rating on the stock.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of IWG in a research note on Wednesday, May 15th. Credit Suisse Group raised shares of IWG to an outperform rating and raised their target price for the company from GBX 200 ($2.61) to GBX 328 ($4.29) in a research note on Monday, April 15th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a GBX 260 ($3.40) target price on shares of IWG in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. IWG has a consensus rating of Hold and an average price target of GBX 328 ($4.29).

Shares of LON IWG opened at GBX 417 ($5.45) on Tuesday. The company has a market cap of $3.73 billion and a price-to-earnings ratio of 35.95. The company has a quick ratio of 0.42, a current ratio of 0.57 and a debt-to-equity ratio of 70.53. IWG has a 1 year low of GBX 199 ($2.60) and a 1 year high of GBX 383.10 ($5.01). The company has a 50-day simple moving average of GBX 356.91.

The company also recently disclosed a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be paid a dividend of GBX 2.15 ($0.03) per share. This represents a yield of 0.59%. The ex-dividend date is Thursday, September 5th. IWG’s payout ratio is 0.52%.

In other news, insider Mark Dixon acquired 42,080 shares of IWG stock in a transaction that occurred on Monday, June 17th. The shares were acquired at an average price of GBX 340 ($4.44) per share, with a total value of £143,072 ($186,948.91). Insiders have purchased a total of 500,401 shares of company stock worth $168,170,327 in the last three months.

About IWG

IWG plc, together with its subsidiaries, provides office outsourcing services in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and the United Kingdom. The company offers virtual office services; 24/7 workspace recovery solutions; mobile and digital self-service solutions; co-working solutions; fully managed offices; networking and knowledge-sharing meetings; and meeting spaces.

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Analyst Recommendations for IWG (LON:IWG)

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