Iwg Plc (IWG) Receives Consensus Recommendation of “Hold” from Brokerages

Iwg Plc (LON:IWG) has earned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 244.17 ($3.26).

Several research analysts have weighed in on the stock. Peel Hunt reiterated an “add” rating and issued a GBX 399 ($5.32) price objective (down previously from GBX 420 ($5.60)) on shares of IWG in a research note on Tuesday, August 8th. Numis Securities reiterated a “hold” rating and issued a GBX 335 ($4.47) price objective on shares of IWG in a research note on Wednesday, August 9th. Royal Bank Of Canada downgraded shares of IWG to a “sector performer” rating and decreased their target price for the stock from GBX 370 ($4.93) to GBX 220 ($2.93) in a research report on Monday, November 6th. Berenberg Bank downgraded shares of IWG to a “hold” rating and decreased their target price for the stock from GBX 430 ($5.73) to GBX 230 ($3.07) in a research report on Monday, October 23rd. Finally, Credit Suisse Group downgraded shares of IWG to a “neutral” rating and decreased their target price for the stock from GBX 435 ($5.80) to GBX 250 ($3.33) in a research report on Monday, October 23rd.

IWG (LON:IWG) opened at GBX 197.90 ($2.64) on Wednesday. IWG has a 12 month low of GBX 191.80 ($2.56) and a 12 month high of GBX 392 ($5.23).

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IWG 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.

Analyst Recommendations for IWG (LON:IWG)

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