Workspace Group (LON:WKP) Stock Gets Price Target Trim from Berenberg Bank

Workspace Group (LON:WKP) had its target price lowered by equities researchers at Berenberg Bank from GBX 427 to GBX 418 in a research note issued on Friday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 19.91% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and issued a GBX 367 target price on shares of Workspace Group in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a report on Tuesday, June 23rd. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 350 target price on shares of Workspace Group in a report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 407.50.

Workspace Group Trading Up 1.2%

LON WKP opened at GBX 348.60 on Friday. The company has a debt-to-equity ratio of 59.71, a quick ratio of 0.11 and a current ratio of 0.42. Workspace Group has a one year low of GBX 312 and a one year high of GBX 434.38. The company has a 50-day simple moving average of GBX 361.75 and a 200-day simple moving average of GBX 350.61. The firm has a market capitalization of £671.57 million, a PE ratio of -5.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09.

About Workspace Group

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. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.