Iwg Plc (IWG) Given Consensus Recommendation of “Hold” by Brokerages

Iwg Plc (LON:IWG) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 212.50 ($2.78).

Several equities analysts recently weighed in on the company. Peel Hunt dropped their price objective on IWG from GBX 300 ($3.92) to GBX 285 ($3.72) and set a “hold” rating for the company in a research note on Friday, July 6th. Numis Securities reaffirmed a “hold” rating on shares of IWG in a research note on Wednesday, August 8th. Berenberg Bank dropped their price objective on IWG from GBX 240 ($3.14) to GBX 220 ($2.87) and set a “hold” rating for the company in a research note on Wednesday, August 8th. Credit Suisse Group dropped their price objective on IWG from GBX 260 ($3.40) to GBX 245 ($3.20) and set a “neutral” rating for the company in a research note on Thursday, August 9th. Finally, Royal Bank of Canada downgraded IWG to an “underperform” rating and dropped their price objective for the company from GBX 220 ($2.87) to GBX 200 ($2.61) in a research note on Thursday, August 30th.

LON IWG opened at GBX 210 ($2.74) on Friday. IWG has a 1-year low of GBX 188.90 ($2.47) and a 1-year high of GBX 392 ($5.12).

The company also recently disclosed a dividend, which was paid on Friday, October 5th. Investors of record on Thursday, September 6th were paid a GBX 1.95 ($0.03) dividend. This represents a yield of 0.83%. The ex-dividend date of this dividend was Thursday, September 6th.

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.

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Analyst Recommendations for IWG (LON:IWG)

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