IWG’s (IWG) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of IWG (LON:IWG) in a research report report published on Wednesday morning,Digital Look reports. The brokerage currently has a GBX 265 price objective on the stock.

Several other brokerages have also recently issued reports on IWG. Berenberg Bank reaffirmed a “buy” rating and set a GBX 350 target price on shares of IWG in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 275 target price on shares of IWG in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 269.80.

IWG Stock Performance

Shares of LON:IWG opened at GBX 178.66 on Wednesday. The company has a debt-to-equity ratio of -1,917.40, a current ratio of 0.43 and a quick ratio of 0.45. IWG has a 1 year low of GBX 163.50 and a 1 year high of GBX 250.60. The firm has a market capitalization of £1.68 billion, a PE ratio of 99.26, a P/E/G ratio of -5.59 and a beta of 1.56. The business’s 50 day moving average price is GBX 188.47 and its 200-day moving average price is GBX 195.66.

IWG announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 30th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

About IWG

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.