IWG (LON:IWG) Reaches New 12-Month High - Still a Buy?

Key Points

• IWG plc shares reached a new 52-week high of GBX 234.40 ($3.15), reflecting strong trading activity with over 4 million shares exchanged.
• Analysts from Royal Bank Of Canada and Berenberg Bank have set new price targets of GBX 260 and GBX 270 respectively, maintaining an overall "Buy" rating for the stock.
• The current market capitalization of IWG is £2.32 billion, with significant metrics such as a high price-to-earnings ratio of 10,527.27 and a debt-to-equity ratio of 12,629.31.

IWG plc (LON:IWG - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 234.40 ($3.15) and last traded at GBX 234 ($3.14), with a volume of 4274209 shares trading hands. The stock had previously closed at GBX 230.66 ($3.10).

Analysts Set New Price Targets

IWG has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on IWG from GBX 215 to GBX 260 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Berenberg Bank reiterated a "buy" rating and issued a GBX 270 price objective on shares of IWG in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 265.

IWG Stock Up 0.4%

The firm has a market capitalization of £2.32 billion, a price-to-earnings ratio of 10,527.27, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10. The company has a quick ratio of 0.45, a current ratio of 0.41 and a debt-to-equity ratio of 12,629.31. The firm has a 50 day moving average of GBX 210.75 and a two-hundred day moving average of GBX 198.99.

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.

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