Workspace Group (LON:WKP) Earns “Buy” Rating from Liberum Capital

Liberum Capital restated their buy rating on shares of Workspace Group (LON:WKP) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also recently weighed in on WKP. Royal Bank of Canada increased their target price on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an outperform rating in a report on Monday, June 24th. Barclays cut shares of to an underweight rating and set a GBX 4,400 ($57.49) target price on the stock. in a report on Tuesday, June 18th. Numis Securities reissued an add rating and set a GBX 1,050 ($13.72) target price on shares of in a report on Wednesday, June 5th. Berenberg Bank dropped their target price on shares of Intu Properties from GBX 130 ($1.70) to GBX 100 ($1.31) and set a hold rating on the stock in a report on Tuesday, May 7th. Finally, Deutsche Bank reissued a hold rating and set a GBX 350 ($4.57) target price on shares of in a report on Friday, July 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of GBX 1,018.57 ($13.31).

Shares of LON:WKP opened at GBX 899 ($11.75) on Thursday. The firm has a market capitalization of $1.62 billion and a PE ratio of 11.68. Workspace Group has a 1-year low of GBX 778 ($10.17) and a 1-year high of GBX 1,133 ($14.80). The business’s fifty day simple moving average is GBX 879.93. The company has a quick ratio of 0.44, a current ratio of 0.86 and a debt-to-equity ratio of 31.44.

The company also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, July 4th will be issued a GBX 22.26 ($0.29) dividend. This represents a dividend yield of 2.51%. The ex-dividend date is Thursday, July 4th. This is a boost from Workspace Group’s previous dividend of $10.61. Workspace Group’s dividend payout ratio (DPR) is 0.43%.

In related news, insider Angus Boag sold 14,975 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of GBX 889 ($11.62), for a total value of £133,127.75 ($173,954.98).

About Workspace Group

Workspace is focused on helping businesses perform at their very best. The Workspace Advantage is our unique customer offer and is open to all – we provide inspiring, flexible work spaces with super-fast technology in dynamic London locations. Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages 3.8 million sq.

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Analyst Recommendations for Workspace Group (LON:WKP)

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