IWG (LON:IWG) Sets New 1-Year High - Still a Buy?

IWG plc (LON:IWG - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 220 ($2.95) and last traded at GBX 218.40 ($2.93), with a volume of 1060136 shares changing hands. The stock had previously closed at GBX 217.80 ($2.92).

Analyst Ratings Changes

Separately, Berenberg Bank increased their price objective on shares of IWG from GBX 255 ($3.42) to GBX 270 ($3.62) and gave the company a "buy" rating in a report on Tuesday, July 1st.

IWG Stock Performance

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. The business's fifty day simple moving average is GBX 201.99 and its 200-day simple moving average is GBX 185.24. The firm has a market capitalization of £2.22 billion, a PE ratio of -16.42, 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.