Royal Bank of Canada Sticks to IWG's Outperform Rating

Royal Bank of Canada reiterated its 'outperform' rating for IWG (LON:IWG) in a report issued on Wednesday, according to Digital Look. The analysts currently have a GBX 260 target price on the stock.

This would suggest a potential upside of 41.93% from the company's previous close. Other analysts have also recently weighed in on IWG, with Berenberg Bank reiterating a 'buy' rating and setting a GBX 350 target price, Jefferies Financial Group issuing a 'buy' rating and a GBX 265 price target, and Deutsche Bank Aktiengesellschaft reissuing a 'buy' rating with a GBX 275 price objective.

IWG currently has a consensus rating of 'Moderate Buy' among investment analysts, according to MarketBeat.com. The company's stock was trading up 3.4% on Wednesday after opening at GBX 183.19.