Workspace Group Plc (LON:WKP) Stock Has Average Target Price of GBX 407.50

Shares of Workspace Group Plc (LON:WKP) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 407.50.

A number of brokerages have recently issued reports on WKP. Berenberg Bank decreased their target price on Workspace Group from GBX 427 to GBX 418 and set a “buy” rating for the company in a report on Friday, October 16th. Peel Hunt restated a “hold” rating and issued a GBX 350 price target on shares of Workspace Group in a report on Friday, July 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 367 price target on shares of Workspace Group in a research report on Thursday, October 15th.

Workspace Group Stock Performance

Shares of LON:WKP opened at GBX 358.40 on Friday. The firm has a market capitalization of £690.45 million, a PE ratio of -5.73, a P/E/G ratio of 1.54 and a beta of 1.09. 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 355.10 and a two-hundred day moving average of GBX 361.73. Workspace Group has a 12 month low of GBX 312 and a 12 month 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.