Workspace Group’s (WKP) Buy Rating Reiterated at Deutsche Bank

Deutsche Bank restated their buy rating on shares of Workspace Group (LON:WKP) in a report issued on Friday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also commented on the company. Berenberg Bank cut their target price on Intu Properties from GBX 130 ($1.70) to GBX 100 ($1.31) and set a hold rating on the stock in a research report on Tuesday, May 7th. Liberum Capital upped their target price on Moneysupermarket.Com Group from GBX 520 ($6.79) and gave the company a buy rating in a research report on Thursday. JPMorgan Chase & Co. started coverage on SEA in a research report on Wednesday, June 12th. They issued an overweight rating and a $36.00 target price on the stock. Numis Securities reaffirmed an add rating and issued a GBX 1,050 ($13.72) target price on shares of in a research report on Wednesday, June 5th. Finally, Peel Hunt reaffirmed a buy rating on shares of Lookers in a research report on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 1,018.57 ($13.31).

Workspace Group stock opened at GBX 899 ($11.75) on Friday. The business’s 50 day moving average is GBX 879.93. The firm has a market cap of $1.62 billion and a price-to-earnings ratio of 11.68. The company has a quick ratio of 0.44, a current ratio of 0.86 and a debt-to-equity ratio of 31.44. Workspace Group has a one year low of GBX 778 ($10.17) and a one year high of GBX 1,133 ($14.80).

The firm also recently announced a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, July 4th will be given a GBX 22.26 ($0.29) dividend. This represents a dividend yield of 2.51%. This is a positive change from Workspace Group’s previous dividend of $10.61. The ex-dividend date is Thursday, July 4th. Workspace Group’s dividend payout ratio is presently 0.43%.

In other news, insider Angus Boag sold 14,975 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of GBX 889 ($11.62), for a total value of £133,127.75 ($173,954.98).

Workspace Group Company Profile

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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