Workspace Group Plc (LON:WKP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Workspace Group Plc (LON:WKP) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 415.50.

A number of equities research analysts have weighed in on WKP shares. Peel Hunt restated a “hold” rating and set a GBX 350 price objective on shares of Workspace Group in a research note on Friday, July 24th. Berenberg Bank increased their target price on Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. reduced their target price 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. Jefferies Financial Group reissued a “buy” rating and set a GBX 406 price target on shares of Workspace Group in a research report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a research note on Tuesday, June 23rd.

Workspace Group Stock Up 1.4%

Shares of Workspace Group stock opened at GBX 361 on Friday. Workspace Group has a 1-year low of GBX 312 and a 1-year high of GBX 434.38. The company has a market capitalization of £695.46 million, a PE ratio of -5.77, a P/E/G ratio of 1.54 and a beta of 1.08. 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 business has a 50-day moving average of GBX 349.04 and a 200-day moving average of GBX 361.09.

Workspace Group (LON:WKP) last released its quarterly earnings results on Wednesday, June 10th. The company reported GBX 31.30 EPS for the quarter. The business had revenue of £181.40 million for the quarter. Workspace Group had a negative return on equity of 8.83% and a negative net margin of 66.32%. As a group, equities analysts forecast 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.