IWG (LON:IWG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada has raised its price target for IWG from GBX 215 to GBX 260, indicating a potential upside of 27.58% from the current stock price.
• Berenberg Bank also maintains a "buy" rating on IWG, with a higher target of GBX 270, contributing to a consensus rating of "Buy" with an average price target of GBX 265.
• As of Friday, IWG shares were trading at GBX 203.80, with a notable volatility indicated by a beta of 2.10.

IWG (LON:IWG - Get Free Report) had its price objective raised by investment analysts at Royal Bank Of Canada from GBX 215 to GBX 260 in a note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would indicate a potential upside of 28.46% from the company's current price.

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 270 price objective on shares of IWG in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, IWG currently has a consensus rating of "Buy" and a consensus target price of GBX 265.

IWG Stock Down 0.4%

Shares of IWG traded down GBX 0.80 during mid-day trading on Friday, reaching GBX 202.40. The company had a trading volume of 2,201,462 shares, compared to its average volume of 3,937,697. The company has a debt-to-equity ratio of 12,629.31, a quick ratio of 0.45 and a current ratio of 0.41. The firm has a 50-day moving average price of GBX 215.61 and a 200 day moving average price of GBX 195.96. IWG has a 52 week low of GBX 146 and a 52 week high of GBX 233.80. The company has a market capitalization of £2.05 billion, a price-to-earnings ratio of 10,120.00, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10.

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.