IWG (LON:IWG - Free Report) had its price objective lifted by Berenberg Bank from GBX 255 ($3.48) to GBX 270 ($3.69) in a research report released on Tuesday morning, Marketbeat.com reports. They currently have a buy rating on the stock.
IWG Stock Up 2.3%
LON:IWG traded up GBX 4.80 ($0.07) during mid-day trading on Tuesday, hitting GBX 217 ($2.96). The stock had a trading volume of 1,651,907 shares, compared to its average volume of 4,541,895. IWG has a twelve month low of GBX 146 ($1.99) and a twelve month high of GBX 217.20 ($2.96). The stock has a 50-day simple moving average of GBX 195.65 and a two-hundred day simple moving average of GBX 180.86. The company has a current ratio of 0.41, a quick ratio of 0.45 and a debt-to-equity ratio of 12,629.31. The company has a market capitalization of £2.18 billion, a PE ratio of -16.14, a PEG ratio of -5.59 and a beta of 2.10.
About IWG
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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.
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