IWG (LON:IWG) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

IWG (LON:IWG)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 275 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 44.43% from the stock’s current price.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 265 price objective on shares of IWG in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, IWG has a consensus rating of “Moderate Buy” and a consensus price target of GBX 253.80.

IWG Price Performance

LON:IWG opened at GBX 190.40 on Wednesday. The company has a debt-to-equity ratio of -2,429.18, a quick ratio of 0.45 and a current ratio of 0.38. IWG has a 52-week low of GBX 163.50 and a 52-week high of GBX 250.60. The firm has a market capitalization of £1.84 billion, a price-to-earnings ratio of 105.78, a P/E/G ratio of -5.59 and a beta of 1.57. The stock has a fifty day moving average of GBX 187.70 and a 200 day moving average of GBX 215.14.

IWG announced that its Board of Directors has authorized a share buyback program on Tuesday, March 3rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

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. 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.