Workspace Group (LON:WKP) Stock Gets Price Target Reduction from Berenberg Bank

Workspace Group (LON:WKP) had its target price cut by research analysts at Berenberg Bank from GBX 427 to GBX 418 in a report released on Friday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 19.91% from the stock’s current price.

Other analysts have also recently issued reports about 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 report on Tuesday, June 23rd. Jefferies Financial Group reiterated a “hold” rating and set a GBX 367 price target on shares of Workspace Group in a research report on Thursday. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 350 price target on shares of Workspace Group in a research report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 407.50.

Workspace Group Stock Performance

Shares of LON WKP opened at GBX 348.60 on Friday. 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 has a 50 day simple moving average of GBX 361.75 and a 200-day simple moving average of GBX 350.61. The company has a market cap of £671.57 million, a PE ratio of -5.57, a P/E/G ratio of 1.54 and a beta of 1.09. Workspace Group has a 12-month low of GBX 312 and a 12-month high of GBX 434.38.

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.