Iwg Plc (IWG) Given New GBX 200 Price Target at Numis Securities Ltd
Iwg Plc (LON:IWG) had its price target reduced by Numis Securities Ltd from GBX 335 ($4.45) to GBX 200 ($2.66) in a research note issued on Friday. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price target indicates a potential downside of 8.59% from the company’s previous close.
IWG has been the subject of several other reports. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 435 ($5.78) target price on shares of Iwg Plc in a report on Wednesday, October 11th. Berenberg Bank initiated coverage on Iwg Plc in a report on Thursday, July 27th. They set a “buy” rating and a GBX 430 ($5.71) target price for the company. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 399 ($5.30) target price (down from GBX 420 ($5.58)) on shares of Iwg Plc in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Iwg Plc presently has an average rating of “Hold” and an average target price of GBX 350 ($4.65).
Iwg Plc (LON:IWG) traded up 1.16% during mid-day trading on Friday, reaching GBX 218.80. The company had a trading volume of 11,670,564 shares. The stock’s 50-day moving average is GBX 300.15 and its 200 day moving average is GBX 319.77. Iwg Plc has a 12 month low of GBX 201.80 and a 12 month high of GBX 392.00. The firm’s market capitalization is GBX 2.01 billion.
About Iwg Plc
IWG Plc is a Jersey-based workspace company. The Company operates under the Regus, Regus Express, Spaces, Signature, Kora and Open Office brands and provides a global network of places to work for all kinds of businesses from home-based workers to corporations. The Company focuses on both single location and integrated national networks and also provides sales and management services.
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