Workspace Group (LON:WKP) Insider Buys £4,976.40 in Stock

Workspace Group Plc (LON:WKP) insider David Stevenson acquired 1,320 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average cost of GBX 377 per share, for a total transaction of £4,976.40.

David Stevenson also recently made the following trade(s):

• On Friday, November 21st, David Stevenson bought 1,366 shares of Workspace Group stock. The stock was bought at an average cost of GBX 364 per share, with a total value of £4,972.24.

Workspace Group Price Performance

WKP stock opened at GBX 381.50 on Friday. The firm has a 50 day moving average of GBX 397.48 and a 200-day moving average of GBX 402.88. The company has a market cap of £733.45 million, a price-to-earnings ratio of 136.25, a PEG ratio of 1.54 and a beta of 1.04. The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43. Workspace Group Plc has a 12-month low of GBX 359.50 and a 12-month high of GBX 560.

Workspace Group (LON:WKP) last released its quarterly earnings results on Wednesday, November 19th. The company reported GBX (37) earnings per share for the quarter. Workspace Group had a negative return on equity of 12.20% and a negative net margin of 104.45%. As a group, equities analysts expect that Workspace Group Plc will post 36.7630058 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WKP shares. Berenberg Bank restated a “buy” rating and issued a GBX 403 price target on shares of Workspace Group in a research report on Wednesday, November 19th. Jefferies Financial Group lowered their price objective on shares of Workspace Group from GBX 516 to GBX 490 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Finally, Peel Hunt restated a “buy” rating and set a GBX 500 target price on shares of Workspace Group in a research report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 464.33.

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.