Peel Hunt Reiterates Under Review Rating for IWG (IWG)
IWG (LON:IWG)‘s stock had its “under review” rating restated by Peel Hunt in a research report issued on Wednesday. They presently have a GBX 260 ($3.48) price target on the stock, up from their previous price target of GBX 240 ($3.21). Peel Hunt’s price target points to a potential upside of 3.59% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on IWG. Credit Suisse Group restated an “outperform” rating and set a GBX 435 ($5.82) target price on shares of IWG in a research note on Wednesday, October 11th. Numis Securities dropped their price target on IWG from GBX 335 ($4.48) to GBX 200 ($2.67) and set a “hold” rating for the company in a research note on Friday, October 20th. Berenberg Bank cut IWG to a “hold” rating and dropped their price target for the company from GBX 430 ($5.75) to GBX 230 ($3.08) in a research note on Monday, October 23rd. JPMorgan Chase & Co. cut IWG to a “neutral” rating and dropped their price target for the company from GBX 350 ($4.68) to GBX 230 ($3.08) in a research note on Monday, October 30th. Finally, Royal Bank of Canada cut IWG to a “sector performer” rating and dropped their price target for the company from GBX 370 ($4.95) to GBX 220 ($2.94) in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. IWG presently has a consensus rating of “Hold” and an average price target of GBX 231.67 ($3.10).
Shares of IWG (LON IWG) opened at GBX 251 ($3.36) on Wednesday. IWG has a 12 month low of GBX 188.90 ($2.53) and a 12 month high of GBX 392 ($5.24). The firm has a market capitalization of $2,270.00 and a price-to-earnings ratio of 1,792.86.
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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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