IWG (LON:IWG) Trading 0.6% Higher – Here’s What Happened

by · The Markets Daily

Shares of IWG plc (LON:IWG – Get Free Report) shot up 0.6% on Monday . The company traded as high as GBX 225.40 and last traded at GBX 222.80. 170,576,266 shares were traded during trading, an increase of 2,902% from the average session volume of 5,682,387 shares. The stock had previously closed at GBX 221.40.

Analyst Ratings Changes

Several brokerages recently weighed in on IWG. Peel Hunt reaffirmed a “hold” rating and issued a GBX 199 target price on shares of IWG in a report on Tuesday, November 4th. Jefferies Financial Group raised their price objective on shares of IWG from GBX 245 to GBX 265 and gave the company a “buy” rating in a report on Monday, November 24th. Royal Bank Of Canada lifted their price objective on shares of IWG from GBX 215 to GBX 260 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 270 target price on shares of IWG in a report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 248.50.

Get Our Latest Stock Analysis on IWG

IWG Price Performance

The stock’s 50-day moving average is GBX 226.66 and its 200 day moving average is GBX 216.21. The company has a debt-to-equity ratio of 12,629.31, a quick ratio of 0.45 and a current ratio of 0.41. The stock has a market capitalization of £2.22 billion, a PE ratio of 101.27, a P/E/G ratio of -5.59 and a beta of 2.10.

About IWG

(Get Free Report)

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products.

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