IWG (LON:IWG) Trading Down 0.2% - Here's What Happened

Key Points

• IWG plc shares experienced a slight decline of 0.2%, trading at GBX 229.40 ($3.10) with a significant drop in trading volume, down 55% from its average session volume.
• Berenberg Bank has reiterated a "buy" rating for IWG and set a price target of GBX 270 ($3.65), indicating positive expectations for the stock's performance.
• The company has a high debt-to-equity ratio of 12,629.31 and a current market capitalization of £1.91 billion, reflecting its financial positioning in the industry.

IWG plc (LON:IWG - Get Free Report)'s share price traded down 0.2% during trading on Tuesday . The stock traded as low as GBX 226.80 ($3.07) and last traded at GBX 229.40 ($3.10). 1,756,487 shares traded hands during trading, a decline of 55% from the average session volume of 3,941,179 shares. The stock had previously closed at GBX 229.80 ($3.11).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 270 target price on shares of IWG in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 270.

IWG Stock Up 2.9%

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 firm has a market capitalization of £2.02 billion, a P/E ratio of -14.99, a P/E/G ratio of -5.59 and a beta of 2.10. The stock has a fifty day moving average price of GBX 215.12 and a two-hundred day moving average price of GBX 195.47.

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.