Workspace Group Plc (LON:WKP) Given Average Rating of “Moderate Buy” by Analysts

Workspace Group Plc (LON:WKP) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 415.50.

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Workspace Group from GBX 480 to GBX 400 and set a “hold” rating on the stock in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a report on Tuesday, June 9th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 350 price objective on shares of Workspace Group in a research report on Friday, July 24th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 406 target price on shares of Workspace Group in a research note on Thursday, June 11th. Finally, Berenberg Bank increased their target price on shares of Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research report on Thursday, June 18th.

Workspace Group Stock Up 1.0%

WKP stock opened at GBX 370 on Thursday. The stock has a market cap of £712.80 million, a P/E ratio of -5.91, a P/E/G ratio of 1.54 and a beta of 1.09. The company has a current ratio of 0.42, a quick ratio of 0.11 and a debt-to-equity ratio of 59.71. The stock’s fifty day simple moving average is GBX 358.49 and its two-hundred day simple moving average is GBX 353.76. Workspace Group has a 1-year low of GBX 312 and a 1-year high of GBX 434.38.

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. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.