IWG (LON:IWG) Receives Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has reissued a "buy" rating for IWG (LON:IWG), with a price target of GBX 270 ($3.67), indicating a potential upside of 16.37%.
• On Wednesday, IWG's shares traded at GBX 232.02 ($3.15) with a trading volume of approximately 1.97 million shares.
• IWG has a market capitalization of £2.33 billion and significant debt levels, as reflected in its debt-to-equity ratio of 12,629.31.

IWG (LON:IWG - Get Free Report)'s stock had its "buy" rating reissued by Berenberg Bank in a report issued on Wednesday,Digital Look reports. They currently have a GBX 270 ($3.67) price target on the stock. Berenberg Bank's price objective indicates a potential upside of 16.37% from the company's current price.

IWG Stock Performance

Shares of LON IWG traded up GBX 0.02 ($0.00) during trading on Wednesday, hitting GBX 232.02 ($3.15). The company had a trading volume of 1,968,075 shares, compared to its average volume of 3,975,885. The stock has a 50 day simple moving average of GBX 214.23 and a 200 day simple moving average of GBX 193.10. 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. IWG has a 12 month low of GBX 146 ($1.98) and a 12 month high of GBX 233.80 ($3.17). The firm has a market capitalization of £2.33 billion, a P/E ratio of -17.25, a price-to-earnings-growth 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.

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