IWG (LON:IWG) Shares Up 1.9% - Should You Buy?

Key Points

• Shares of IWG plc increased by 1.9%, trading at GBX 203.60 ($2.74) after reaching a daily high of GBX 206 ($2.78) and a significant trading volume increase of 31% over the average.
• Analysts have a consensus rating of "Buy" for IWG, with a target price range between GBX 260 to GBX 270, indicating positive expectations for the company's stock performance.
• IWG has a market capitalization of £2.05 billion with a notably high PE ratio of 9,254.55 and a debt-to-equity ratio of 12,629.31, suggesting significant leverage.

IWG plc (LON:IWG - Get Free Report)'s stock price traded up 1.9% during trading on Friday . The stock traded as high as GBX 206 ($2.78) and last traded at GBX 203.60 ($2.74). 6,110,826 shares were traded during mid-day trading, an increase of 31% from the average session volume of 4,680,735 shares. The stock had previously closed at GBX 199.90 ($2.69).

Analyst Upgrades and Downgrades

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

IWG Stock Performance

The stock has a market cap of £2.05 billion, a P/E ratio of 9,254.55, a PEG ratio of -5.59 and a beta of 2.10. The company has a debt-to-equity ratio of 12,629.31, a current ratio of 0.41 and a quick ratio of 0.45. The company has a fifty day moving average of GBX 211.51 and a 200 day moving average of GBX 196.25.

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.