Workspace Group Plc (LON:WKP) Receives GBX 415.50 Average Price Target from Analysts

by · The Cerbat Gem

Workspace Group Plc (LON:WKP – Get Free Report) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 415.50.

A number of brokerages have recently weighed in on WKP. Deutsche Bank Aktiengesellschaft lowered their target price on Workspace Group from GBX 480 to GBX 400 and set a “hold” rating on the stock in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. reduced their price target on Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a research note on Tuesday, June 9th. Berenberg Bank upped their price objective on Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a report on Thursday, June 18th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 406 price objective on shares of Workspace Group in a research report on Thursday, June 11th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 350 target price on shares of Workspace Group in a report on Friday, July 24th.

View Our Latest Stock Report on WKP

Workspace Group Price Performance

Shares of WKP opened at GBX 366.40 on Thursday. The firm has a market capitalization of £705.87 million, a PE ratio of -5.85, a PEG ratio of 1.54 and a beta of 1.09. The company’s 50-day moving average is GBX 359.82 and its 200-day moving average is GBX 352.63. Workspace Group has a fifty-two week low of GBX 312 and a fifty-two week high of GBX 434.38. The company has a debt-to-equity ratio of 59.71, a current ratio of 0.42 and a quick ratio of 0.11.

Workspace Group Company Profile

(Get Free Report)

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.

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