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IWG (LON:IWG) Sets New 52-Week High - Time to Buy?

IWG logo with Real Estate background

Key Points

  • IWG plc's share price has reached a new 52-week high of GBX 240.40 ($3.21), indicating strong market performance with a recent closing price of GBX 237 ($3.16).
  • Analysts are optimistic about IWG's growth potential, with Royal Bank Of Canada setting a new price target of GBX 260 and Berenberg Bank aiming for GBX 270, both recommending a "buy" rating.
  • The company has a significantly high debt-to-equity ratio of 12,629.31 and a market capitalization of £2.37 billion, suggesting potential financial risks despite positive stock performance.
  • Five stocks we like better than IWG.

IWG plc (LON:IWG - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as GBX 240.40 ($3.21) and last traded at GBX 237 ($3.16), with a volume of 280490 shares changing hands. The stock had previously closed at GBX 235.60 ($3.14).

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on IWG

IWG Price Performance

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 business's 50-day moving average is GBX 212.24 and its two-hundred day moving average is GBX 200.82. The company has a market capitalization of £2.37 billion, a P/E ratio of 10,772.73, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10.

About IWG

(Get Free Report)

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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