IWG (LON:IWG) Hits New 1-Year High - Time to Buy?

IWG plc (LON:IWG - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 212.60 ($2.90) and last traded at GBX 206.20 ($2.82), with a volume of 1677451 shares trading hands. The stock had previously closed at GBX 210 ($2.87).

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price objective on shares of IWG from GBX 255 ($3.48) to GBX 270 ($3.69) and gave the company a "buy" rating in a research note on Tuesday.

IWG Price Performance

The firm has a market cap of £2.18 billion, a PE ratio of -16.14, a price-to-earnings-growth 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. The company has a 50 day moving average price of GBX 194.15 and a 200 day moving average price of GBX 180.02.

IWG Company Profile

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.