IWG (LON:IWG) Trading Up 0.6% – Should You Buy?

IWG plc (LON:IWG) traded 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 traded hands during mid-day 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 Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Berenberg Bank restated a “buy” rating and set a GBX 270 target price on shares of IWG in a research report on Tuesday, November 4th. Royal Bank Of Canada increased their price target 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. Jefferies Financial Group lifted their price objective on shares of IWG from GBX 245 to GBX 265 and gave the company a “buy” rating in a research note on Monday, November 24th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 199 target price on shares of IWG in a research note on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 248.50.

IWG Price Performance

The company has a current ratio of 0.41, a quick ratio of 0.45 and a debt-to-equity ratio of 12,629.31. The stock has a fifty day simple moving average of GBX 226.66 and a two-hundred day simple moving average of GBX 216.21. The company has a market cap of £2.22 billion, a PE ratio of 101.27, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10.

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.