IWG (LON:IWG) Sets New 52-Week High – Time to Buy?

IWG plc (LON:IWG)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as GBX 240.40 ($3.21) and last traded at GBX 237 ($3.16), with a volume of 280490 shares. The stock had previously closed at GBX 235.60 ($3.14).

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 270 target price on shares of IWG in a research note on Wednesday, August 13th. Royal Bank Of Canada lifted their target price on shares of IWG from GBX 215 to GBX 260 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, IWG currently has an average rating of “Buy” and an average target price of GBX 265.

IWG Trading Up 0.6%

The firm’s 50 day moving average is GBX 212.24 and its 200 day moving average is GBX 200.82. The company has a market cap of £2.37 billion, a PE ratio of 10,772.73, a PEG ratio of -5.59 and a beta of 2.10. The company has a debt-to-equity ratio of 12,629.31, a current ratio of 0.41 and a quick ratio of 0.45.

About IWG

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.