IWG (LON:IWG) Stock Price Up 1.7% - Time to Buy?

Key Points

• The stock price of IWG plc rose by 1.7%, reaching a trading price of GBX 228.68 ($3.08) during mid-day trading.
• Berenberg Bank increased their target price for IWG from GBX 255 ($3.43) to GBX 270 ($3.63) and issued a "buy" rating.
• IWG has a significant debt-to-equity ratio of 12,629.31 and a market capitalization of £2.30 billion.

IWG plc (LON:IWG - Get Free Report)'s stock price rose 1.7% during mid-day trading on Friday . The stock traded as high as GBX 230.40 ($3.10) and last traded at GBX 228.68 ($3.08). Approximately 2,400,687 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 4,036,103 shares. The stock had previously closed at GBX 224.80 ($3.02).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their target price on IWG from GBX 255 ($3.43) to GBX 270 ($3.63) and gave the company a "buy" rating in a report on Tuesday, July 1st.

IWG Trading Up 1.7%

The company has a fifty day simple moving average of GBX 212.53 and a 200-day simple moving average of GBX 191.74. The company has a market capitalization of £2.30 billion, a PE ratio of -17.01, a PEG 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.

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.

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