Workspace Group (LON:WKP) Stock Crosses Above 200-Day Moving Average of $550.46

Workspace Group Plc (LON:WKP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 550.46 ($7.26) and traded as high as GBX 627 ($8.27). Workspace Group shares last traded at GBX 608 ($8.02), with a volume of 156,432 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Workspace Group from GBX 650 ($8.57) to GBX 700 ($9.23) and gave the company an “overweight” rating in a research note on Thursday, June 6th. Barclays upped their price target on Workspace Group from GBX 550 ($7.25) to GBX 595 ($7.85) and gave the stock an “overweight” rating in a research note on Friday, May 3rd.

Workspace Group Stock Up 1.5 %

The company has a quick ratio of 0.11, a current ratio of 1.23 and a debt-to-equity ratio of 57.43. The company has a fifty day simple moving average of GBX 610.36 and a 200 day simple moving average of GBX 550.92. The firm has a market capitalization of £1.18 billion, a P/E ratio of -617.00, a P/E/G ratio of 1.54 and a beta of 1.05.

Workspace Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, August 2nd. Shareholders of record on Thursday, July 4th were issued a GBX 19 ($0.25) dividend. This represents a yield of 3.45%. This is an increase from Workspace Group’s previous dividend of $9.00. The ex-dividend date of this dividend was Thursday, July 4th. Workspace Group’s payout ratio is -2,800.00%.

Insiders Place Their Bets

In other Workspace Group news, insider Graham Clemett sold 3,597 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of GBX 590 ($7.78), for a total value of £21,222.30 ($27,986.68). In other news, insider Graham Clemett sold 3,597 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of GBX 590 ($7.78), for a total transaction of £21,222.30 ($27,986.68). Also, insider David Benson sold 19,129 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of GBX 6 ($0.08), for a total value of £1,147.74 ($1,513.57). 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.