IWG plc Adjusts Corporate Broking Arrangements

An announcement from IWG plc ( (GB:IWG) ) is now available.

International Workplace Group plc has announced that HSBC will no longer serve as its Corporate Broker following HSBC’s decision to exit the UK equities market. Barclays Bank plc and Investec Bank plc will continue as Joint Corporate Brokers, ensuring continuity in corporate brokerage services for the company.

The most recent analyst rating on (GB:IWG) stock is a Hold with a £1.61 price target. To see the full list of analyst forecasts on IWG plc stock, see the GB:IWG Stock Forecast page.

Spark’s Take on GB:IWG Stock

According to Spark, TipRanks’ AI Analyst, GB:IWG is a Neutral.

The overall score for IWG plc is driven by strong corporate actions, including an extensive share buyback program, which positively impacts shareholder value. Financial performance shows promise with improved profitability and cash flow, though high leverage remains a concern. Technical indicators suggest a neutral to slightly positive outlook, while valuation metrics indicate potential overvaluation concerns due to the high P/E ratio.

To see Spark’s full report on GB:IWG stock, click here.

More about IWG plc

International Workplace Group plc operates in the flexible workspace industry, offering office space solutions and services to businesses globally.

Average Trading Volume: 2,711,062

Technical Sentiment Signal: Buy

Current Market Cap: £1.94B

See more insights into IWG stock on TipRanks’ Stock Analysis page.