Workspace Group plc’s (WKP) “Overweight” Rating Reiterated at J P Morgan Chase & Co
J P Morgan Chase & Co reissued their overweight rating on shares of Workspace Group plc (LON:WKP) in a report released on Thursday morning. They currently have a GBX 1,080 ($14.20) price objective on the stock.
Other equities research analysts also recently issued reports about the company. Numis Securities Ltd reiterated an add rating and issued a GBX 1,012 ($13.31) target price on shares of Workspace Group plc in a research report on Thursday, October 19th. Berenberg Bank boosted their target price on Workspace Group plc from GBX 1,050 ($13.81) to GBX 1,080 ($14.20) and gave the stock a buy rating in a research report on Thursday. Peel Hunt boosted their target price on Workspace Group plc from GBX 950 ($12.50) to GBX 1,050 ($13.81) and gave the stock a buy rating in a research report on Wednesday. Finally, Liberum Capital reiterated a buy rating and issued a GBX 1,050 ($13.81) target price on shares of Workspace Group plc in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 959 ($12.61).
Workspace Group plc (LON WKP) opened at GBX 925 ($12.17) on Thursday. Workspace Group plc has a 52-week low of GBX 655.50 ($8.62) and a 52-week high of GBX 972 ($12.78).
Workspace Group plc (LON:WKP) last posted its earnings results on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) EPS for the quarter, topping analysts’ consensus estimates of GBX 17.60 ($0.23) by GBX 0.30 ($0.00). The company had revenue of GBX 6,150 million for the quarter. Workspace Group plc had a return on equity of 10.53% and a net margin of 147.29%.
The business also recently disclosed a dividend, which will be paid on Tuesday, February 6th. Shareholders of record on Thursday, January 11th will be given a dividend of GBX 8.84 ($0.12) per share. The ex-dividend date is Thursday, January 11th. This represents a yield of 0.96%.
About Workspace Group plc
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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