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RBC Capital Reaffirms Their Buy Rating on IWG plc (IWG)

Tipranks - Tipranks - Sat Mar 7, 1:58AM CST

RBC Capital analyst Andrew Brooke maintained a Buy rating on IWG plc yesterday and set a price target of p260.00. The company’s shares closed yesterday at p212.40.

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Brooke covers the Industrials sector, focusing on stocks such as Serco Group plc, Johnson Service, and Randstad Holding NV. According to TipRanks, Brooke has an average return of 2.9% and a 48.44% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IWG plc with a p305.00 average price target, implying a 43.60% upside from current levels. In a report released on March 3, Berenberg Bank also maintained a Buy rating on the stock with a p350.00 price target.

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Based on IWG plc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p1.43 billion and a net profit of p5.23 million. In comparison, last year the company earned a revenue of p1.44 billion and had a net profit of p3.1 million

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