Workspace Group Plc (LON:WKP) Stock Has Consensus Price Target of GBX 415.50

Workspace Group Plc (LON:WKP) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 415.50.

Several research firms have weighed in on WKP. Berenberg Bank boosted their target price on shares of Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a research note on Tuesday, June 23rd. Finally, Peel Hunt restated a “hold” rating and set a GBX 350 price target on shares of Workspace Group in a report on Friday, July 24th.

Workspace Group Price Performance

Workspace Group stock opened at GBX 366.20 on Monday. Workspace Group has a 12-month low of GBX 312 and a 12-month high of GBX 434.38. The stock has a market cap of £705.48 million, a P/E ratio of -5.85, a PEG ratio of 1.54 and a beta of 1.09. The company has a 50-day moving average price of GBX 362.11 and a 200 day moving average price of GBX 350.55. The company has a current ratio of 0.42, a quick ratio of 0.11 and a debt-to-equity ratio of 59.71.

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.