Workspace Group (LON:WKP) Shares Pass Above Two Hundred Day Moving Average of $861.62

Shares of Workspace Group plc (LON:WKP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 861.62 ($11.26) and traded as high as GBX 903.50 ($11.80). Workspace Group shares last traded at GBX 885.50 ($11.57), with a volume of 164,992 shares.

Several equities research analysts have recently commented on WKP shares. Royal Bank of Canada upgraded Workspace Group to an “outperform” rating and boosted their price objective for the company from GBX 750 ($9.80) to GBX 1,050 ($13.72) in a report on Wednesday, June 30th. Berenberg Bank boosted their price objective on Workspace Group from GBX 915 ($11.95) to GBX 980 ($12.80) and gave the company an “overweight” rating in a report on Tuesday, June 8th. Finally, Barclays boosted their price objective on Workspace Group from GBX 700 ($9.15) to GBX 745 ($9.73) and gave the company an “underweight” rating in a report on Thursday, June 24th.

The company has a market cap of £1.60 billion and a PE ratio of -6.80. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 45.31. The company has a 50-day moving average of GBX 899.21 and a 200-day moving average of GBX 861.62.

In other Workspace Group news, insider Graham Clemett sold 5,021 shares of the business’s stock in a transaction on Monday, June 28th. The stock was sold at an average price of GBX 838 ($10.95), for a total value of £42,075.98 ($54,972.54). Also, insider Duncan Owen bought 5,560 shares of the stock in a transaction on Tuesday, August 10th. The stock was purchased at an average price of GBX 901 ($11.77) per share, for a total transaction of £50,095.60 ($65,450.22).

About Workspace Group (LON:WKP)

Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages some 4 million sq. ft. of business space in London. We are home to London's brightest businesses, including fast growing and established brands across a wide range of sectors. Workspace is geared towards helping businesses perform at their very best.

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