Berenberg Bank Sticks to Its Buy Rating for IWG plc (IWG)
In a report released yesterday, Alex Smith CFA from Berenberg Bank maintained a Buy rating on IWG plc, with a price target of p350.00.
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According to TipRanks, Smith CFA is a 3-star analyst with an average return of 12.5% and a 56.52% success rate. Smith CFA covers the Industrials sector, focusing on stocks such as ITM Power, Mitie Group plc, and Serco Group plc.
Currently, the analyst consensus on IWG plc is a Moderate Buy with an average price target of p350.00.
Based on IWG plc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p1.35 billion and a net profit of p8.01 million. In comparison, last year the company earned a revenue of p1.45 billion and had a net profit of p12.66 million
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