IWG's (IWG) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of IWG (LON:IWG - Free Report) in a research note issued to investors on Monday, Marketbeat reports. The brokerage currently has a GBX 215 ($2.72) price target on the stock.

IWG Price Performance

IWG stock traded up GBX 0.80 ($0.01) during mid-day trading on Monday, hitting GBX 187.60 ($2.37). The stock had a trading volume of 1,157,007 shares, compared to its average volume of 1,888,563. The firm has a market capitalization of £1.89 billion, a P/E ratio of -893.33, a P/E/G ratio of -5.59 and a beta of 2.03. The company has a current ratio of 0.39, a quick ratio of 0.45 and a debt-to-equity ratio of 7,170.59. The firm's 50 day moving average is GBX 189.01 and its 200 day moving average is GBX 167.68. IWG has a one year low of GBX 122.50 ($1.55) and a one year high of GBX 202.80 ($2.57).

IWG Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 2nd will be issued a GBX 1 ($0.01) dividend. This represents a yield of 0.54%. The ex-dividend date of this dividend is Thursday, May 2nd. IWG's dividend payout ratio is currently -952.38%.

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.