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Berenberg Bank Forecasts Strong Price Appreciation for IWG (LON:IWG) Stock

IWG logo with Real Estate background

IWG (LON:IWG - Free Report) had its price target increased by Berenberg Bank from GBX 255 ($3.48) to GBX 270 ($3.69) in a report published on Tuesday, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the stock.

IWG Stock Performance

IWG stock remained flat at GBX 217 ($2.96) on Tuesday. The company had a trading volume of 657,155 shares, compared to its average volume of 4,541,895. The company has a 50-day moving average price of GBX 195.65 and a two-hundred day moving average price of GBX 180.86. IWG has a 12 month low of GBX 146 ($1.99) and a 12 month high of GBX 217.20 ($2.96). The stock has a market capitalization of £2.18 billion, a price-to-earnings ratio of -16.14, a PEG ratio of -5.59 and a beta of 2.10. 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.

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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