Workspace Group (LON:WKP) Reaches New 12-Month Low – Here’s What Happened

Workspace Group Plc (LON:WKP) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 335.74 and last traded at GBX 337, with a volume of 1047559 shares traded. The stock had previously closed at GBX 344.50.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WKP. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Workspace Group from GBX 520 to GBX 480 and set a “buy” rating for the company in a research report on Friday, December 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 487 target price on shares of Workspace Group in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 489.25.

Workspace Group Stock Performance

The company has a debt-to-equity ratio of 61.92, a current ratio of 1.47 and a quick ratio of 0.11. The stock’s 50-day simple moving average is GBX 404.67 and its 200 day simple moving average is GBX 398.69. The stock has a market capitalization of £645.13 million, a P/E ratio of -8.49, a PEG ratio of 1.54 and a beta of 1.07.

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