Workspace Group (WKP) Sets New 1-Year High at $974.00
Shares of Workspace Group plc (LON:WKP) reached a new 52-week high on Tuesday . The company traded as high as GBX 974 ($13.11) and last traded at GBX 971 ($13.07), with a volume of 25018 shares changing hands. The stock had previously closed at GBX 951.50 ($12.81).
A number of brokerages have commented on WKP. Numis Securities reaffirmed an “add” rating and set a GBX 1,012 ($13.62) price target on shares of Workspace Group in a research report on Thursday, October 19th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,050 ($14.13) price target on shares of Workspace Group in a research report on Tuesday, December 5th. Deutsche Bank upped their price target on shares of Workspace Group from GBX 660 ($8.88) to GBX 1,000 ($13.46) and gave the company a “hold” rating in a research report on Monday, November 13th. Berenberg Bank upped their price target on shares of Workspace Group from GBX 1,050 ($14.13) to GBX 1,080 ($14.54) and gave the company a “buy” rating in a research report on Thursday, November 9th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 1,050 ($14.13) price target on shares of Workspace Group in a research report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 966.63 ($13.01).
Workspace Group (LON:WKP) last announced its quarterly earnings results on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 17.60 ($0.24) by GBX 0.30 ($0.00). Workspace Group had a net margin of 201.14% and a return on equity of 15.14%. The business had revenue of GBX 6,150 million for the quarter.
About Workspace Group
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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