Workspace Group (LON:WKP) Given New GBX 400 Price Target at Deutsche Bank Aktiengesellschaft

Workspace Group (LON:WKP) had its price objective cut by analysts at Deutsche Bank Aktiengesellschaft from GBX 480 to GBX 400 in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 21.43% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut 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. Stifel Nicolaus dropped their target price on Workspace Group from GBX 550 to GBX 500 and set a “buy” rating on the stock in a report on Friday, April 17th. Berenberg Bank lifted their target price on Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 406 price target on shares of Workspace Group in a report on Thursday, June 11th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Workspace Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 440.50.

Workspace Group Stock Down 0.5%

WKP traded down GBX 1.60 during trading on Tuesday, hitting GBX 329.40. 1,320,988 shares of the company’s stock were exchanged, compared to its average volume of 2,371,135. Workspace Group has a fifty-two week low of GBX 312 and a fifty-two week high of GBX 434.38. The stock has a market cap of £633.40 million, a P/E ratio of -8.34, a PEG ratio of 1.54 and a beta of 1.09. The business’s 50 day moving average is GBX 341.85 and its two-hundred day moving average is GBX 376.26.

Workspace Group (LON:WKP) last issued its quarterly earnings data on Wednesday, June 10th. The company reported GBX 31.30 earnings per share (EPS) for the quarter. The firm had revenue of £181.40 million during the quarter. Workspace Group had a negative net margin of 66.32% and a negative return on equity of 8.83%. On average, sell-side analysts forecast that Workspace Group will post 36.7630058 earnings per share for the current year.

Workspace Group Company Profile

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.