Peel Hunt Reaffirms “Hold” Rating for IWG (IWG)

IWG (LON:IWG)‘s stock had its “hold” rating reiterated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Monday.

Several other equities analysts have also recently commented on the stock. Credit Suisse Group cut shares of IWG to an “underperform” rating and dropped their target price for the stock from GBX 245 ($3.20) to GBX 200 ($2.61) in a research report on Tuesday, September 18th. Royal Bank of Canada cut shares of IWG to an “underperform” rating and dropped their target price for the stock from GBX 220 ($2.87) to GBX 200 ($2.61) in a research report on Thursday, August 30th. Berenberg Bank dropped their target price on shares of IWG from GBX 240 ($3.14) to GBX 220 ($2.87) and set a “hold” rating on the stock in a research report on Wednesday, August 8th. Finally, Numis Securities reissued a “hold” rating on shares of IWG in a research report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 216 ($2.82).

IWG stock opened at GBX 239.20 ($3.13) on Monday. IWG has a 52 week low of GBX 188.90 ($2.47) and a 52 week high of GBX 392 ($5.12).

In related news, insider Mark Dixon purchased 4,304,948 shares of the stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of GBX 229 ($2.99) per share, with a total value of £9,858,330.92 ($12,881,655.46).

About IWG

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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