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 target hoisted by research analysts at Royal Bank Of Canada from GBX 215 to GBX 260 in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 35.35% from the stock's current price.

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 270 target price on shares of IWG in a report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 265.

IWG Stock Performance

Shares of LON IWG traded down GBX 1.30 during trading hours on Friday, reaching GBX 192.10. 2,447,605 shares of the stock were exchanged, compared to its average volume of 3,908,580. 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 stock's fifty day simple moving average is GBX 215.41 and its 200 day simple moving average is GBX 195.99. IWG has a 52 week low of GBX 146 and a 52 week high of GBX 233.80. The firm has a market capitalization of £1.95 billion, a price-to-earnings ratio of 9,605.00, a P/E/G ratio of -5.59 and a beta of 2.10.

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.