Workspace Group (LON:WKP) Receives “Hold” Rating from Peel Hunt

Workspace Group (LON:WKP)‘s stock had its “hold” rating reaffirmed by research analysts at Peel Hunt in a research report issued on Friday,Digital Look reports. They currently have a GBX 350 price target on the stock. Peel Hunt’s price target suggests a potential downside of 0.68% from the stock’s previous close.

WKP has been the topic of several other reports. Berenberg Bank boosted their price target on Workspace Group from GBX 401 to GBX 427 and gave the stock a “buy” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. dropped their price target on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating on the stock in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a research report on Tuesday, June 23rd. Jefferies Financial Group restated a “buy” rating and set a GBX 406 price objective on shares of Workspace Group in a report on Thursday, June 11th. Finally, Stifel Nicolaus decreased their price target on shares of Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a research report on Friday, April 17th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Workspace Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 415.50.

Workspace Group Stock Up 0.4%

Shares of WKP stock traded up GBX 1.40 during trading hours on Friday, reaching GBX 352.40. 291,754 shares of the stock were exchanged, compared to its average volume of 2,457,009. The business’s fifty day moving average is GBX 339.93 and its two-hundred day moving average is GBX 369.05. Workspace Group has a 12-month low of GBX 312 and a 12-month 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. The firm has a market capitalization of £678.90 million, a P/E ratio of -5.63, a P/E/G ratio of 1.54 and a beta of 1.08.

Workspace Group (LON:WKP) last announced its quarterly earnings data on Wednesday, June 10th. The company reported GBX 31.30 earnings per share (EPS) for the quarter. Workspace Group had a negative net margin of 66.32% and a negative return on equity of 8.83%. The company had revenue of £181.40 million for the quarter. As a group, research analysts expect that Workspace Group will post 36.7630058 EPS for the current fiscal 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.