IWG (LON:IWG) Sets New 1-Year High - Should You Buy?

Key Points

• IWG plc reached a new 52-week high with its stock trading at GBX 226.20 ($3.01) as of Tuesday, following a prior close of GBX 221 ($2.94).
• Analysts at Berenberg Bank raised their price target for IWG from GBX 255 ($3.39) to GBX 270 ($3.59) and issued a "buy" rating on the stock.
• The company's financial ratios indicate a current ratio of 0.41 and an extremely high debt-to-equity ratio of 12,629.31, suggesting potential concerns regarding its financial leverage.

IWG plc (LON:IWG - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 226.20 ($3.02) and last traded at GBX 225.60 ($3.01), with a volume of 867522 shares trading hands. The stock had previously closed at GBX 221 ($2.95).

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their price target on shares of IWG from GBX 255 ($3.41) to GBX 270 ($3.61) and gave the stock a "buy" rating in a research report on Tuesday, July 1st.

IWG Stock Performance

The company has a market cap of £2.25 billion, a PE ratio of -16.66, a P/E/G ratio of -5.59 and a beta of 2.10. The stock's 50-day simple moving average is GBX 211.14 and its 200 day simple moving average is GBX 190.89. 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.

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.