Iwg Plc (IWG) Lowered to “Neutral” at J P Morgan Chase & Co
J P Morgan Chase & Co lowered shares of Iwg Plc (LON:IWG) to a neutral rating in a research report released on Monday. J P Morgan Chase & Co currently has GBX 230 ($3.04) price target on the stock, down from their prior price target of GBX 350 ($4.62).
Other equities analysts have also issued reports about the company. Numis Securities Ltd reissued a hold rating and issued a GBX 335 ($4.42) price objective on shares of Iwg Plc in a report on Wednesday, August 9th. Peel Hunt downgraded Iwg Plc to a hold rating and cut their target price for the stock from GBX 399 ($5.27) to GBX 335 ($4.42) in a research report on Wednesday, August 16th. Berenberg Bank restated a buy rating and issued a GBX 430 ($5.67) target price on shares of Iwg Plc in a research report on Wednesday, August 9th. Finally, Credit Suisse Group restated an outperform rating on shares of Iwg Plc in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Iwg Plc presently has a consensus rating of Hold and a consensus target price of GBX 249 ($3.29).
Iwg Plc (LON:IWG) traded up 3.51% during mid-day trading on Monday, reaching GBX 215.40. The company’s stock had a trading volume of 4,212,085 shares. The stock’s market capitalization is GBX 1.98 billion. Iwg Plc has a 52 week low of GBX 201.30 and a 52 week high of GBX 392.00. The firm has a 50-day moving average of GBX 285.38 and a 200-day moving average of GBX 315.32.
The business also recently disclosed a dividend, which was paid on Friday, October 6th. Stockholders of record on Thursday, September 7th were given a dividend of GBX 1.75 ($0.02) per share. The ex-dividend date was Thursday, September 7th. This represents a dividend yield of 0.59%.
About Iwg Plc
IWG Plc is a Jersey-based workspace company. The Company operates under the Regus, Regus Express, Spaces, Signature, Kora and Open Office brands and provides a global network of places to work for all kinds of businesses from home-based workers to corporations. The Company focuses on both single location and integrated national networks and also provides sales and management services.
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