Workspace Group (LON:WKP) Hits New 1-Year High at $663.00

Workspace Group Plc (LON:WKP) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 663 ($8.76) and last traded at GBX 663 ($8.76), with a volume of 43 shares changing hands. The stock had previously closed at GBX 647 ($8.55).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on Workspace Group from GBX 650 ($8.59) to GBX 700 ($9.25) and gave the company an “overweight” rating in a report on Thursday, June 6th.

Workspace Group Stock Performance

The stock has a market cap of £1.24 billion, a P/E ratio of -643.00, a P/E/G ratio of 1.54 and a beta of 1.04. The company has a fifty day moving average price of GBX 622.34 and a 200 day moving average price of GBX 563.52. The company has a debt-to-equity ratio of 57.43, a current ratio of 1.23 and a quick ratio of 0.11.

Insider Activity

In other news, insider David Benson sold 19,129 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of GBX 6 ($0.08), for a total transaction of £1,147.74 ($1,516.17). In related news, insider David Benson sold 19,129 shares of Workspace Group stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of GBX 6 ($0.08), for a total transaction of £1,147.74 ($1,516.17). Also, insider Graham Clemett sold 3,597 shares of Workspace Group stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of GBX 590 ($7.79), for a total value of £21,222.30 ($28,034.74). Corporate insiders own 32.49% of the company’s stock.

About Workspace Group

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.