Manju Malhotra Acquires 2,724 Shares of Workspace Group (LON:WKP) Stock

Workspace Group Plc (LON:WKP) insider Manju Malhotra acquired 2,724 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average price of GBX 367 per share, for a total transaction of £9,997.08.

Workspace Group Stock Performance

LON:WKP traded up GBX 3 on Friday, reaching GBX 367.50. 1,239,024 shares of the company’s stock were exchanged, compared to its average volume of 855,400. The firm has a market cap of £706.54 million, a price-to-earnings ratio of 131.25, a P/E/G ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 57.43, a current ratio of 1.23 and a quick ratio of 0.11. The stock has a fifty day simple moving average of GBX 400.28 and a 200-day simple moving average of GBX 407.73. Workspace Group Plc has a 52 week low of GBX 360 and a 52 week high of GBX 569.

Workspace Group (LON:WKP) last posted its quarterly earnings results on Wednesday, November 19th. The company reported GBX (37) earnings per share (EPS) for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 12.20%. As a group, sell-side analysts predict that Workspace Group Plc will post 36.7630058 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on WKP. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 403 price target on shares of Workspace Group in a report on Wednesday. Jefferies Financial Group dropped their price objective on Workspace Group from GBX 516 to GBX 490 and set a “buy” rating on the stock in a report on Thursday. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 500 target price on shares of Workspace Group in a report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 464.33.

Workspace Group Company Profile

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.