Workspace Group Plc (WKP.L) – What Are Investment Firms Thinking About This Stock?

Shares of Workspace Group Plc (LON:WKP) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 407.50.

Several research firms have weighed in on WKP. Jefferies Financial Group restated a “hold” rating and set a GBX 367 target price on shares of Workspace Group in a report on Thursday. Peel Hunt reaffirmed a “hold” rating and issued a GBX 350 price target on shares of Workspace Group in a report on Friday, July 24th. Berenberg Bank lowered their target price on Workspace Group from GBX 427 to GBX 418 and set a “buy” rating on the stock in a report on Friday. Finally, 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 report on Tuesday, June 23rd.

Workspace Group Trading Down 0.7%

LON:WKP opened at GBX 349.20 on Monday. Workspace Group has a 52-week low of GBX 312 and a 52-week high of GBX 434.38. The company has a quick ratio of 0.11, a current ratio of 0.42 and a debt-to-equity ratio of 59.71. The stock has a fifty day simple moving average of GBX 361.52 and a 200-day simple moving average of GBX 350.72. The company has a market capitalization of £672.73 million, a PE ratio of -5.58, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09.

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.