IWG’s (IWG) “Buy” Rating Reiterated at Berenberg Bank

by · The Cerbat Gem

Berenberg Bank restated their buy rating on shares of IWG (LON:IWG – Free Report) in a research report sent to investors on Tuesday morning,Digital Look reports. The brokerage currently has a GBX 350 target price on the stock.

IWG has been the subject of several other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 260 target price on shares of IWG in a research report on Wednesday, August 12th. Jefferies Financial Group restated a “buy” rating and issued a GBX 265 price target on shares of IWG in a report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 280.

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IWG Trading Down 1.8%

Shares of IWG stock opened at GBX 213.40 on Tuesday. The stock’s fifty day simple moving average is GBX 183.91 and its 200 day simple moving average is GBX 193.05. IWG has a twelve month low of GBX 163.50 and a twelve month high of GBX 250.60. The company has a quick ratio of 0.45, a current ratio of 0.43 and a debt-to-equity ratio of -1,917.40. The firm has a market capitalization of £2.01 billion, a P/E ratio of 237.11, a P/E/G ratio of -5.59 and a beta of 1.56.

Insider Buying and Selling at IWG

In related news, insider Christian Schmitz bought 50,000 shares of IWG stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of GBX 183 per share, with a total value of £91,500. Over the last ninety days, insiders have purchased 125,000 shares of company stock worth $22,050,000. 26.19% of the stock is owned by corporate insiders.

IWG Company Profile

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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. It provides its services franchise partners, landlords, and property owners under the Regus, Spaces, HQ, Signature, Basepoint, Stop & Work, The Office Operators, BizDojo, Open Office, No18, The Clubhouse, Central Working, and Copernico brands.

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