Workspace Group Plc (LON:WKP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Workspace Group Plc (LON:WKP) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 415.50.

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating on the stock in a report on Tuesday, June 23rd. JPMorgan Chase & Co. reduced their price target on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a report on Tuesday, June 9th. Jefferies Financial Group reissued a “buy” rating and set a GBX 406 price objective on shares of Workspace Group in a research report on Thursday, June 11th. Berenberg Bank raised their price objective on shares of Workspace Group from GBX 401 to GBX 427 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 350 price objective on shares of Workspace Group in a research report on Friday, July 24th.

Workspace Group Trading Up 2.8%

LON WKP opened at GBX 378 on Friday. The firm has a market cap of £728.21 million, a P/E ratio of -6.04, a P/E/G ratio of 1.54 and a beta of 1.08. The company has a debt-to-equity ratio of 59.71, a current ratio of 0.42 and a quick ratio of 0.11. The stock’s 50-day moving average is GBX 351.28 and its 200-day moving average is GBX 359.15. Workspace Group has a one year low of GBX 312 and a one year high of GBX 434.38.

Workspace Group (LON:WKP) last released its quarterly earnings data on Wednesday, June 10th. The company reported GBX 31.30 earnings per share for the quarter. Workspace Group had a negative return on equity of 8.83% and a negative net margin of 66.32%.The business had revenue of £181.40 million for the quarter. Sell-side analysts anticipate that Workspace Group will post 36.7630058 earnings per share for the current fiscal year.

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.