Royal Bank of Canada Reiterates “Sector Performer” Rating for IWG (IWG)

Royal Bank of Canada restated their sector performer rating on shares of IWG (LON:IWG) in a research note published on Monday. They currently have a GBX 220 ($2.98) price objective on the stock.

IWG has been the topic of several other research reports. Peel Hunt upgraded shares of IWG to an add rating and upped their target price for the stock from GBX 240 ($3.26) to GBX 270 ($3.66) in a research note on Tuesday, March 6th. Numis Securities reiterated a hold rating and issued a GBX 220 ($2.98) target price on shares of IWG in a research note on Friday, February 2nd. Berenberg Bank upped their target price on shares of IWG from GBX 230 ($3.12) to GBX 240 ($3.26) and gave the stock a hold rating in a research note on Monday, March 12th. Finally, Credit Suisse Group upped their target price on shares of IWG from GBX 250 ($3.39) to GBX 260 ($3.53) and gave the stock a neutral rating in a research note on Monday, March 12th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. IWG currently has a consensus rating of Hold and an average target price of GBX 248.33 ($3.37).

LON:IWG opened at GBX 306.50 ($4.16) on Monday. IWG has a one year low of GBX 188.90 ($2.56) and a one year high of GBX 392 ($5.32).

The company also recently announced a dividend, which will be paid on Friday, May 25th. Stockholders of record on Thursday, April 26th will be paid a GBX 3.95 ($0.05) dividend. This represents a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, April 26th. This is an increase from IWG’s previous dividend of $1.75.

IWG Company Profile

IWG plc, together with its subsidiaries, provides office outsourcing services in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and the United Kingdom. The company offers virtual office services; 24/7 workspace recovery solutions; mobile and digital self-service solutions; co-working solutions; fully managed offices; networking and knowledge-sharing meetings; and meeting spaces and workshops.

Analyst Recommendations for IWG (LON:IWG)

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