IWG (LON:IWG) had its price objective raised by Peel Hunt from GBX 260 ($3.53) to GBX 270 ($3.66) in a research report released on Wednesday morning. The brokerage currently has an add rating on the stock.
IWG has been the topic of several other reports. Royal Bank of Canada cut IWG to a sector performer rating and decreased their price objective for the stock from GBX 370 ($5.02) to GBX 220 ($2.98) in a report on Monday, November 6th. Berenberg Bank cut IWG to a hold rating and decreased their price objective for the stock from GBX 430 ($5.83) to GBX 230 ($3.12) in a report on Monday, October 23rd. Numis Securities reaffirmed a hold rating and set a GBX 200 ($2.71) price objective on shares of IWG in a report on Thursday, November 2nd. Credit Suisse Group cut IWG to a neutral rating and decreased their price objective for the stock from GBX 435 ($5.90) to GBX 250 ($3.39) in a report on Monday, October 23rd. Finally, JPMorgan Chase & Co. cut IWG to a neutral rating and decreased their price objective for the stock from GBX 350 ($4.75) to GBX 230 ($3.12) in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 233.33 ($3.16).
Shares of IWG (LON IWG) opened at GBX 266.70 ($3.62) on Wednesday. The stock has a market capitalization of $2,420.00 and a P/E ratio of 1,905.00. IWG has a twelve month low of GBX 188.90 ($2.56) and a twelve month high of GBX 392 ($5.32).
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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