IWG (LON:IWG) Given New GBX 265 Price Target at Jefferies Financial Group

IWG (LON:IWG) had its price target increased by stock analysts at Jefferies Financial Group from GBX 245 to GBX 265 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 18.83% from the company’s current price.

A number of other research firms have also recently issued reports on IWG. Peel Hunt reaffirmed a “hold” rating and issued a GBX 199 price objective on shares of IWG in a research report on Tuesday, November 4th. Royal Bank Of Canada increased their price objective on shares of IWG from GBX 215 to GBX 260 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 270 price target on shares of IWG in a research note on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 248.50.

IWG Stock Up 1.4%

IWG stock opened at GBX 223 on Monday. IWG has a fifty-two week low of GBX 146 and a fifty-two week high of GBX 243.40. The firm has a market capitalization of £2.23 billion, a PE ratio of 101.36, a P/E/G ratio of -5.59 and a beta of 2.10. The company’s 50-day moving average is GBX 222.10 and its 200-day moving average is GBX 211.81. 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.

IWG Company Profile

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.