IWG’s (IWG) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of IWG (LON:IWG) in a report published on Tuesday morning,Digital Look reports. They currently have a GBX 235 target price on the stock.

IWG has been the topic of a number of other reports. Berenberg Bank reissued a “buy” rating and set a GBX 350 price objective on shares of IWG in a report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 260 target price on shares of IWG in a research note on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 280.

IWG Trading Down 1.8%

LON:IWG opened at GBX 213.40 on Tuesday. IWG has a 52 week low of GBX 163.50 and a 52 week high of GBX 250.60. The firm has a 50 day moving average of GBX 183.91 and a 200 day moving average of GBX 193.05. The company has a quick ratio of 0.45, a current ratio of 0.43 and a debt-to-equity ratio of -1,917.40. The stock has a market capitalization of £2.01 billion, a price-to-earnings ratio of 237.11, a PEG ratio of -5.59 and a beta of 1.56.

Insider Buying and Selling at IWG

In other IWG news, insider Christian Schmitz bought 50,000 shares of IWG stock in a transaction on Wednesday, August 26th. The shares were bought at an average cost of GBX 183 per share, for a total transaction of £91,500. Insiders have purchased a total of 125,000 shares of company stock valued at $22,050,000 in the last ninety days. Insiders own 26.19% of the company’s stock.

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. It provides its services franchise partners, landlords, and property owners under the Regus, Spaces, HQ, Signature, Basepoint, Stop & Work, The Office Operators, BizDojo, Open Office, No18, The Clubhouse, Central Working, and Copernico brands.