IWG (LON:IWG) Given New GBX 450 Price Target at Royal Bank of Canada

IWG (LON:IWG) had its price target upped by analysts at Royal Bank of Canada from GBX 260 ($3.40) to GBX 450 ($5.88) in a report issued on Friday, August 16th, Digital Look reports. The firm currently has a “sector performer” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 10.54% from the company’s current price.

Several other analysts also recently commented on the company. Credit Suisse Group raised their price objective on IWG from GBX 398 ($5.20) to GBX 440 ($5.75) and gave the stock an “outperform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of IWG in a research note on Wednesday, May 15th. Finally, Peel Hunt dropped their price objective on IWG from GBX 408 ($5.33) to GBX 400 ($5.23) and set a “buy” rating on the stock in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 366 ($4.78).

IWG stock traded up GBX 0.50 ($0.01) during mid-day trading on Friday, hitting GBX 407.10 ($5.32). 6,452,478 shares of the company’s stock were exchanged, compared to its average volume of 2,500,000. The firm has a market capitalization of $3.64 billion and a P/E ratio of 10.10. IWG has a fifty-two week low of GBX 199 ($2.60) and a fifty-two week high of GBX 424.40 ($5.55). The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 787.87. The company’s 50 day simple moving average is GBX 376.27 and its 200-day simple moving average is GBX 314.78.

In other news, insider Mark Dixon bought 42,080 shares of the stock in a transaction on Monday, June 17th. The stock was purchased at an average price of GBX 340 ($4.44) per share, for a total transaction of £143,072 ($186,948.91). In the last quarter, insiders have acquired 500,401 shares of company stock valued at $168,170,327.

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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