Iwg Plc (IWG) Receives Consensus Recommendation of “Hold” from Analysts
Iwg Plc (LON:IWG) has earned an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 249 ($3.29).
Several equities research analysts have commented on IWG shares. Berenberg Bank lowered Iwg Plc to a “hold” rating and dropped their price target for the stock from GBX 430 ($5.67) to GBX 230 ($3.04) in a research note on Monday, October 23rd. Numis Securities Ltd lowered their target price on Iwg Plc from GBX 335 ($4.42) to GBX 200 ($2.64) and set a “hold” rating for the company in a research note on Friday, October 20th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 435 ($5.74) target price on shares of Iwg Plc in a research note on Wednesday, October 11th. J P Morgan Chase & Co lowered Iwg Plc to a “neutral” rating and lowered their target price for the company from GBX 350 ($4.62) to GBX 230 ($3.04) in a research note on Monday, October 30th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 399 ($5.27) target price (down previously from GBX 420 ($5.54)) on shares of Iwg Plc in a research note on Tuesday, August 8th.
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Iwg Plc (LON IWG) opened at GBX 221.90 ($2.93) on Friday.
The company also recently announced a dividend, which was paid on Friday, October 6th. Shareholders of record on Thursday, September 7th were issued a dividend of GBX 1.75 ($0.02) per share. This represents a yield of 0.59%. The ex-dividend date was Thursday, September 7th.
Iwg Plc Company Profile
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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