Workspace Group (WKP) Hits New 1-Year High at $972.00
Workspace Group plc (LON:WKP) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 972 ($13.08) and last traded at GBX 931.50 ($12.54), with a volume of 214013 shares. The stock had previously closed at GBX 931.50 ($12.54).
Several research firms have recently issued reports on WKP. Peel Hunt restated a “buy” rating and issued a GBX 1,050 ($14.13) target price on shares of Workspace Group in a report on Tuesday, December 5th. Numis Securities restated an “add” rating and issued a GBX 1,012 ($13.62) target price on shares of Workspace Group in a report on Thursday, October 19th. Deutsche Bank raised their target price on shares of Workspace Group from GBX 660 ($8.88) to GBX 1,000 ($13.46) and gave the stock a “hold” rating in a report on Monday, November 13th. Berenberg Bank raised their target price on shares of Workspace Group from GBX 1,050 ($14.13) to GBX 1,080 ($14.54) and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 1,050 ($14.13) target price on shares of Workspace Group in a report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 966.63 ($13.01).
Workspace Group (LON:WKP) last posted its earnings results on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) EPS for the quarter, beating analysts’ consensus estimates of GBX 17.60 ($0.24) by GBX 0.30 ($0.00). The business had revenue of GBX 6,150 million for the quarter. Workspace Group had a net margin of 201.14% and a return on equity of 15.14%.
Workspace Group 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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