IWG (LON:IWG) Receives “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of IWG (LON:IWG) in a research report released on Monday morning, Marketbeat.com reports. The firm currently has a GBX 215 ($2.72) price objective on the stock.

IWG Price Performance

Shares of IWG opened at GBX 187.60 ($2.37) on Monday. The stock has a market cap of £1.89 billion, a PE ratio of -893.33, a price-to-earnings-growth ratio of -5.59 and a beta of 2.03. The company has a debt-to-equity ratio of 7,170.59, a quick ratio of 0.45 and a current ratio of 0.39. IWG has a fifty-two week low of GBX 122.50 ($1.55) and a fifty-two week high of GBX 202.80 ($2.57). The firm’s 50-day simple moving average is GBX 189.01 and its two-hundred day simple moving average is GBX 167.68.

IWG Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 2nd will be paid a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, May 2nd. This represents a dividend yield of 0.54%. IWG’s dividend payout ratio is presently -952.38%.

About IWG

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.