Workspace Group Plc (LON:WKP) Stock Has Average Price Target of GBX 407.50

Shares of Workspace Group Plc (LON:WKP) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 407.50.

A number of analysts have recently commented on the stock. Peel Hunt reissued a “hold” rating and set a GBX 350 target price on shares of Workspace Group in a research note on Friday, July 24th. Berenberg Bank reduced their price target on shares of Workspace Group from GBX 427 to GBX 418 and set a “buy” rating for the company in a research report on Friday, October 16th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 367 price target on shares of Workspace Group in a research note on Thursday, October 15th.

Workspace Group Stock Performance

WKP opened at GBX 355.60 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.42 and a debt-to-equity ratio of 59.71. The company has a market cap of £685.06 million, a price-to-earnings ratio of -5.68, a PEG ratio of 1.54 and a beta of 1.09. Workspace Group has a 52-week low of GBX 312 and a 52-week high of GBX 434.38. The firm’s fifty day simple moving average is GBX 356.23 and its two-hundred day simple moving average is GBX 362.70.

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.