IWG (LON:IWG) Hits New 52-Week High – Here’s What Happened

IWG plc (LON:IWG)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 247 and last traded at GBX 245.20, with a volume of 84755 shares. The stock had previously closed at GBX 245.40.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Jefferies Financial Group upped their price objective on IWG from GBX 245 to GBX 265 and gave the stock a “buy” rating in a research note on Monday, November 24th. Peel Hunt restated a “hold” rating and set a GBX 199 price target on shares of IWG in a research report on Tuesday, November 4th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 270 price objective on shares of IWG in a research report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 248.50.

IWG Trading Up 0.4%

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 business has a 50 day simple moving average of GBX 231.09 and a 200-day simple moving average of GBX 222.50. The stock has a market capitalization of £2.47 billion, a P/E ratio of 113.00, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10.

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.