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Barclays Sticks to Their Buy Rating for IWG plc (IWG)

Tipranks - Tipranks - Fri Mar 13, 1:54AM CDT

Barclays analyst Paul May maintained a Buy rating on IWG plc today and set a price target of £3.20.

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May covers the Real Estate sector, focusing on stocks such as Aroundtown SA, Big Yellow Group, and Unite Group plc. According to TipRanks, May has an average return of 2.4% and a 52.69% success rate on recommended stocks.

In addition to Barclays, IWG plc also received a Buy from RBC Capital’s Andrew Brooke in a report issued on March 5. However, today, TipRanks – Anthropic downgraded IWG plc (LSE: IWG) to a Sell.

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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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