IWG (LON:IWG)‘s stock had its “neutral” rating reissued by equities researchers at Credit Suisse Group in a research note issued on Monday. They currently have a GBX 250 ($3.51) price objective on the stock. Credit Suisse Group’s price objective indicates a potential upside of 10.04% from the company’s current price.
Several other analysts have also recently issued reports on IWG. Numis Securities cut their price target on shares of IWG from GBX 335 ($4.70) to GBX 200 ($2.80) and set a “hold” rating on the stock in a report on Friday, October 20th. Berenberg Bank cut shares of IWG to a “hold” rating and cut their price target for the company from GBX 430 ($6.03) to GBX 230 ($3.22) in a report on Monday, October 23rd. JPMorgan Chase & Co. cut shares of IWG to a “neutral” rating and cut their price target for the company from GBX 350 ($4.91) to GBX 230 ($3.22) in a report on Monday, October 30th. Royal Bank of Canada cut shares of IWG to a “sector performer” rating and cut their price target for the company from GBX 370 ($5.19) to GBX 220 ($3.08) in a report on Monday, November 6th. Finally, Peel Hunt reaffirmed an “under review” rating and issued a GBX 260 ($3.65) price target (up from GBX 240 ($3.37)) on shares of IWG in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 231.67 ($3.25).
IWG (IWG) traded up GBX 2.20 ($0.03) on Monday, reaching GBX 227.20 ($3.19). 4,473,632 shares of the company traded hands, compared to its average volume of 5,050,000. The firm has a market capitalization of $2,050.00 and a PE ratio of 1,622.86. IWG has a 1 year low of GBX 188.90 ($2.65) and a 1 year high of GBX 392 ($5.50).
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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