Liberum Capital Reaffirms “Buy” Rating for Workspace Group plc (WKP)
Liberum Capital reiterated their buy rating on shares of Workspace Group plc (LON:WKP) in a research report report published on Wednesday morning. The brokerage currently has a GBX 1,050 ($13.58) price objective on the stock.
Several other brokerages have also recently issued reports on WKP. Berenberg Bank began coverage on shares of Workspace Group plc in a research note on Thursday, July 27th. They set a buy rating and a GBX 1,050 ($13.58) target price on the stock. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 900 ($11.64) target price on shares of Workspace Group plc in a research note on Thursday, June 8th. Peel Hunt reaffirmed a buy rating and set a GBX 950 ($12.29) target price on shares of Workspace Group plc in a research note on Friday, July 14th. Finally, Numis Securities Ltd reaffirmed an add rating and set a GBX 1,012 ($13.09) target price on shares of Workspace Group plc in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 882.88 ($11.42).
Shares of Workspace Group plc (LON:WKP) opened at 882.50 on Wednesday. The stock has a 50 day moving average of GBX 892.18 and a 200 day moving average of GBX 853.39. The stock’s market cap is GBX 1.44 billion. Workspace Group plc has a 52 week low of GBX 615.00 and a 52 week high of GBX 959.00.
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The business also recently declared a dividend, which was paid on Monday, August 7th. Stockholders of record on Thursday, July 6th were issued a dividend of GBX 14.27 ($0.18) per share. This represents a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, July 6th. This is a positive change from Workspace Group plc’s previous dividend of $6.80.
In related news, insider Graham Clemett acquired 12,295 shares of Workspace Group plc stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average cost of GBX 914 ($11.82) per share, for a total transaction of £112,376.30 ($145,339.24). Also, insider Jamie Hopkins sold 30,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of GBX 913 ($11.81), for a total transaction of £273,900 ($354,242.11).
Workspace Group plc Company Profile
Workspace Group PLC is a real estate investment trust (REIT). The Company is engaged in property investment. The Company provides commercial property to let throughout London. The Company owns and manages over 65 properties all across London and is home to approximately 4,000 new and growing companies.
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