IWG’s (IWG) Neutral Rating Reiterated at JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their neutral rating on shares of IWG (LON:IWG) in a report issued on Friday, Stock Target Advisor reports. JPMorgan Chase & Co. currently has a GBX 335 ($4.12) price target on the stock, down from their prior price target of GBX 410 ($5.05).
Other analysts also recently issued reports about the company. Credit Suisse Group raised their target price on IWG from GBX 238 ($2.93) to GBX 350 ($4.31) and gave the stock an outperform rating in a research report on Wednesday, June 3rd. Berenberg Bank reissued a hold rating and issued a GBX 130 ($1.60) target price on shares of IWG in a research report on Thursday, May 28th. Peel Hunt raised their target price on IWG from GBX 200 ($2.46) to GBX 239 ($2.94) and gave the stock a hold rating in a research report on Thursday, May 28th. Finally, Royal Bank of Canada downgraded IWG to a sector performer rating and raised their target price for the stock from GBX 275 ($3.38) to GBX 325 ($4.00) in a research report on Thursday, June 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 306.50 ($3.77).
Shares of IWG opened at GBX 259.80 ($3.20) on Friday. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 784.43. The company has a market capitalization of $2.61 billion and a price-to-earnings ratio of 5.24. The stock has a 50 day moving average of GBX 256.37 and a 200 day moving average of GBX 319.89. IWG has a 12 month low of GBX 101.15 ($1.24) and a 12 month high of GBX 470.40 ($5.79).
IWG plc, together with its subsidiaries, provides office outsourcing services in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and the United Kingdom. The company offers virtual office services; 24/7 workspace recovery solutions; mobile and digital self-service solutions; co-working solutions; fully managed offices; networking and knowledge-sharing meetings; and meeting spaces.
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