Liberum Capital Reiterates “Buy” Rating for Workspace Group Plc (WKP)
Workspace Group Plc (LON:WKP)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a research report issued to clients and investors on Wednesday. They presently have a GBX 850 ($10.53) price target on the stock. Liberum Capital’s price objective would indicate a potential upside of 28.21% from the company’s current price.
A number of other research analysts also recently issued reports on WKP. Numis Securities Ltd decreased their price objective on Workspace Group Plc from GBX 861 ($10.67) to GBX 743 ($9.20) and set a “hold” rating for the company in a report on Tuesday, August 16th. Jefferies Group decreased their price objective on Workspace Group Plc from GBX 765 ($9.48) to GBX 665 ($8.24) and set a “hold” rating for the company in a report on Friday, August 19th. JPMorgan Chase & Co. decreased their price objective on Workspace Group Plc from GBX 1,050 ($13.01) to GBX 950 ($11.77) and set an “overweight” rating for the company in a report on Tuesday, September 6th. Deutsche Bank AG downgraded Workspace Group Plc to a “hold” rating and decreased their price objective for the stock from GBX 1,075 ($13.32) to GBX 660 ($8.18) in a report on Tuesday, September 13th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 850 ($10.53) price objective on shares of Workspace Group Plc in a report on Monday, September 19th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 883.70 ($10.95).
Workspace Group Plc (LON:WKP) opened at 665.50 on Wednesday. The firm has a 50-day moving average price of GBX 663.42 and a 200 day moving average price of GBX 724.48. Workspace Group Plc has a 12 month low of GBX 569.00 and a 12 month high of GBX 989.50. The company’s market capitalization is GBX 1.08 billion.
The firm also recently disclosed a dividend, which will be paid on Tuesday, February 7th. Stockholders of record on Thursday, January 12th will be given a GBX 6.80 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, January 12th. This represents a dividend yield of 1.01%.
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